Why Is Faraday Future Intelligent Electric Trading Higher On Monday?

BenzingaDec 23 21:55

U.S. stock market movement | Faraday Future rose over 12% in pre-market after completing a new round of $30 million financing.

On December 23, Glonghui reported that Faraday Future (FFIE.US) surged over 12% in pre-market trading, reaching $1.30. In terms of news, Faraday Future announced that after completing a $30 million financing in September, it has now completed another round of $30 million financing. FF stated that these funds will be used to advance the development of the company and its FX Global Strategy, which aims to launch a mass-market vehicle in the USA with 'twice the performance at half the price' to fill the structural gap in the USA AIEV market and promote the company's overall development strategy. (Glonghui)

Gelonghui FinanceDec 23 17:05

Faraday Future (FFIE.US) has secured a new round of financing amounting to 30 million dollars.

Faraday Future (FFIE.US) announced that following the completion of a $30 million financing in September, it has recently completed another round of financing of $30 million, which consists of unsecured convertible notes and warrants for the purchase of newly issued common stock of the company. The first tranche of $7.5 million has been prepaid in the fourth quarter, while the remaining $22.5 million represents new financing commitments. The funds will be used to drive the development of the company and its FX strategy. FF Global CEO Matthias Aydt stated that the new funds will support the continued production of the FF 91 2.0 and the development of the FX brand.

AASTOCKSDec 23 13:44

Jia Yueting: FF has secured an additional 30 million USD in financing, and the first batch of prototype cars will debut in January next year.

According to a report from Sina Technology on December 23, Jia Yueting released a video on Weibo stating that following the completion of a $30 million financing round on September 30, FF Faraday Future has now completed a new round of $30 million financing, accelerating the advancement of the FX Global Strategy. In addition, Jia Yueting mentioned that a conference will be held in Las Vegas from January 5 to 7 next year to present the latest major developments and plans for the FF strategy, as well as to showcase and experience the first batch of prototype cars. Jia Yueting stated that this round of financing is the second $30 million financing in recent times; although it may not be a lot of money for car manufacturing, it is significant for the FX 'four light, four fast, five empowered' 'bridge car manufacturing model.'

Sina FinanceDec 23 12:28

Express News | Faraday Future has secured 30 million dollars in new financing.

BreakingsDec 23 10:58

Faraday Future Secured $30M In Cash Financing Commitments For AI Electric Vehicle Development

BenzingaDec 23 06:32