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8-K: Enter Into an Immunity Agreement

8-K: Enter Into an Immunity Agreement

簽訂豁免協議
美股sec公告 ·  08/05 13:56
Moomoo AI 已提取核心訊息
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,遠景智能電氣公司(Faraday Future)與持有該公司有擔保和無擔保可轉換債券的特定投資者簽署了豁免協議。該協議旨在減少遠景未來的現金義務,鼓勵轉換這些債券爲普通股。公司已同意自願進行調整,包括如果股票的成交量加權平均價格(VWAP)低於當前轉換價格,則減少轉換價格。此外,公司還將發行更多股票以彌補任何被豁免的在轉換期間應計的利息。這個全面自願調整將在公司發出撤銷通知後的五個工作日內繼續有效。協議還延長了投資者購買其他債券的權利一年。遠景未來計劃通過進一步協議將這些變化納入其他現有和未來的債券中。 豁免協議和2022年和2023年的原始證券購買協議已提交給SEC,並作爲本報告的參考文件。
2024年8月2日,遠景智能電氣公司(Faraday Future)與持有該公司有擔保和無擔保可轉換債券的特定投資者簽署了豁免協議。該協議旨在減少遠景未來的現金義務,鼓勵轉換這些債券爲普通股。公司已同意自願進行調整,包括如果股票的成交量加權平均價格(VWAP)低於當前轉換價格,則減少轉換價格。此外,公司還將發行更多股票以彌補任何被豁免的在轉換期間應計的利息。這個全面自願調整將在公司發出撤銷通知後的五個工作日內繼續有效。協議還延長了投資者購買其他債券的權利一年。遠景未來計劃通過進一步協議將這些變化納入其他現有和未來的債券中。 豁免協議和2022年和2023年的原始證券購買協議已提交給SEC,並作爲本報告的參考文件。
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