|Bid||0.6650 x 1300|
|Ask||0.6670 x 1800|
|Day's Range||0.6411 - 0.7155|
|52 Week Range||0.6411 - 9.7100|
|Beta (5Y Monthly)||0.71|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 15, 2022|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||10.00|
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Electric vehicle startup Faraday Future Intelligent Electric Inc. said it has resolved a dispute with its largest shareholder over company governance and may reduce its workforce despite finding $100 million financing to help continue production of its FF 91 vehicle. Faraday didn’t say how many jobs it would cut. In addition, Faraday said it has reached an agreement with its largest shareholder, FFT Top, that will resolve a months-long governance dispute.
The electric-car startup has secured up to $100 million to fund operations after reaching a deal to resolve a governance dispute.
LOS ANGELES, September 26, 2022--Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE) ("Faraday Future" or "the Company"), a California-based global shared intelligent electric mobility ecosystem company, today announced a comprehensive resolution to its governance dispute with FF Top and the execution of definitive agreements for new financing. The Company continues to have active discussions with capital providers to fund the production and delivery of the FF 91.