Faraday Future Expects Ability to Finance Future Growth With Reverse Stock Split and the Registration Statements on Form S-3
Faraday Future Expects Ability to Finance Future Growth With Reverse Stock Split and the Registration Statements on Form S-3
Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) ("Faraday Future", "FF" or "Company"), a California-based global shared intelligent electric mobility ecosystem company, today announced it expects to finance future growth with its previously announced reverse stock split and the filing of Registration Statements on Form S-3. Once effective, the Registration Statements, together with the reverse stock split, are expected to help the Company satisfy certain closing conditions for previously announced financing commitments and secure new rounds of financing. These actions mark a significant step in a comprehensive plan to attract additional investors which will support the continued production ramp of the Ultimate AI TechLuxury FF 91 2.0 Futurist Alliance along with the expansion of its sales and service network.
总部位于加利福尼亚的全球共享智能电动汽车生态系统公司法拉第未来智能电气公司（纳斯达克股票代码：FFIE）（“法拉第未来”、“FF” 或 “公司”）今天宣布，预计将通过先前宣布的反向股票拆分和在S-3表格上提交注册声明来为未来的增长提供资金。一旦生效，注册声明以及反向股票拆分预计将帮助公司满足先前宣布的融资承诺的某些成交条件并获得新一轮融资。这些行动标志着吸引更多投资者的全面计划迈出了重要一步，该计划将支持Ultimate AI TechLuxury FF 91 2.0 Futurist Alliance的持续产量增长以及其销售和服务网络的扩张。
On Friday, August 25th, the Company announced a reverse stock split of the issued and outstanding shares of the Company's common stock, at a ratio of 1-for-80. Commencing at the open of market today, the Company's common stock began trading on a split-adjusted basis. The authorized shares of Company's common stock were also reduced from 1,765,000,000 to 154,437,500 shares following the reverse stock split.
8月25日星期五，公司宣布对公司普通股的已发行和流通股进行反向股票拆分，比例为1比80。从今天的市场开盘开始，该公司的普通股开始在拆分调整后的基础上进行交易。反向股票拆分后，公司普通股的授权股也从17.65亿股减少至154,437,500股。
The Company believes that the reverse stock split together with the Registration Statements, when effective, will provide investors with long-term value. The Company believes that this development will also significantly increase our attractiveness to institutional and strategic investors. The Company recently announced the Developer Co-Creation festival with the first FF 91 2.0 Futurist Alliance delivery and signed the second group of Developer Co-Creation Officers at Pebble Beach, California, during Monterey Car week.
公司认为，反向股票拆分与注册声明一起生效后，将为投资者提供长期价值。公司认为，这一发展还将大大增加我们对机构和战略投资者的吸引力。该公司最近宣布了开发者共同创作节，首次推出FF 91 2.0 Futurist Alliance，并在蒙特利汽车周期间在加利福尼亚州的圆石滩签下了第二批开发者共同创作官员。