Faraday Future Enters into Amendments with Existing Investor to Reduce $5 Million Outstanding Convertible Notes Obligations
LOS ANGELES--(BUSINESS WIRE)--Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) (“Faraday Future”, “FF” or the “Company”), a California-based global Embodied AI (EAI) ecosystem company, today announced that it has entered into amendments to the convertible note issued by the Company to an existing investor (“Investor”) and the Deposit Account Control Agreement with the Investor and East West Bank under the May 2026 Financing (the “Amendments”). Under the Amendments, FF will return the $5.0