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8-K: Enter Into an Immunity Agreement

8-K: Enter Into an Immunity Agreement

8-K:签订豁免协议
美股sec公告 ·  08/05 13:56
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On August 2, 2024, Faraday Future Intelligent Electric Inc. (Faraday Future) entered into a Waiver Agreement with certain investors holding the company's secured and unsecured convertible notes. The agreement aims to reduce Faraday Future's cash obligations and encourage conversion of these notes into common stock. The company has agreed to voluntary adjustments, including a reduction in the conversion price if the stock's volume-weighted average price (VWAP) falls below the current conversion price. Additionally, the company will issue more shares to compensate for any waived accrued interest during conversions. This Full Voluntary Adjustment will remain in effect until five business days after the company provides notice of revocation. The agreement also extends the right of investors to purchase additional notes for one year. Faraday Future plans to incorporate these changes into other existing and future notes through further agreements. The Waiver Agreement and the original Securities Purchase Agreements from 2022 and 2023 have been filed with the SEC and are incorporated by reference into this report.
On August 2, 2024, Faraday Future Intelligent Electric Inc. (Faraday Future) entered into a Waiver Agreement with certain investors holding the company's secured and unsecured convertible notes. The agreement aims to reduce Faraday Future's cash obligations and encourage conversion of these notes into common stock. The company has agreed to voluntary adjustments, including a reduction in the conversion price if the stock's volume-weighted average price (VWAP) falls below the current conversion price. Additionally, the company will issue more shares to compensate for any waived accrued interest during conversions. This Full Voluntary Adjustment will remain in effect until five business days after the company provides notice of revocation. The agreement also extends the right of investors to purchase additional notes for one year. Faraday Future plans to incorporate these changes into other existing and future notes through further agreements. The Waiver Agreement and the original Securities Purchase Agreements from 2022 and 2023 have been filed with the SEC and are incorporated by reference into this report.
2024年8月2日,远景智能电气公司(Faraday Future)与持有该公司有担保和无担保可转换债券的特定投资者签署了豁免协议。该协议旨在减少远景未来的现金义务,鼓励转换这些债券为普通股。公司已同意自愿进行调整,包括如果股票的成交量加权平均价格(VWAP)低于当前转换价格,则减少转换价格。此外,公司还将发行更多股票以弥补任何被豁免的在转换期间应计的利息。这个全面自愿调整将在公司发出撤销通知后的五个工作日内继续有效。协议还延长了投资者购买其他债券的权利一年。远景未来计划通过进一步协议将这些变化纳入其他现有和未来的债券中。 豁免协议和2022年和2023年的原始证券购买协议已提交给SEC,并作为本报告的参考文件。
2024年8月2日,远景智能电气公司(Faraday Future)与持有该公司有担保和无担保可转换债券的特定投资者签署了豁免协议。该协议旨在减少远景未来的现金义务,鼓励转换这些债券为普通股。公司已同意自愿进行调整,包括如果股票的成交量加权平均价格(VWAP)低于当前转换价格,则减少转换价格。此外,公司还将发行更多股票以弥补任何被豁免的在转换期间应计的利息。这个全面自愿调整将在公司发出撤销通知后的五个工作日内继续有效。协议还延长了投资者购买其他债券的权利一年。远景未来计划通过进一步协议将这些变化纳入其他现有和未来的债券中。 豁免协议和2022年和2023年的原始证券购买协议已提交给SEC,并作为本报告的参考文件。
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