102218527
Iakul
:
The ~400M of shares mentioned in the report is the maximum number of shares that can be put in circulation, and not the actual one. Increasing the number of shares will have to be validated by shareholders and that did not happen
It also is considering equipment- and IP-backed financing to potentially reduce reliance on dilutive funding. The Company does not plan to issue additional shares unless and until the Company receives shareholder approval to increase total authorized share count.
Iakul : 10K report does mention convertible notes though. Those do add to market cap for a stock
102218527 Iakul : The ~400M of shares mentioned in the report is the maximum number of shares that can be put in circulation, and not the actual one. Increasing the number of shares will have to be validated by shareholders and that did not happen
102218527 Iakul : Faraday Future Announces Fiscal Fourth Quarter and Full Year 2023 Financial Results | Morningstar
It also is considering equipment- and IP-backed financing to potentially reduce reliance on dilutive funding. The Company does not plan to issue additional shares unless and until the Company receives shareholder approval to increase total authorized share count.