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FF raises $25 million in new funding
May 16th, Faraday Future (FF) announced that the company has signed a $25 million share purchase agreement with institutional investors, and the proceeds from this financing are expected to further accelerate the implementation of FF’s EAI strategy. According to the latest agreement, investors have subscribed to a convertible promissory note with a total principal of $25 million from FF. The common stock corresponding to this financing has not yet been registered, is subject to trading restrictions, and cannot be immediately circulated. (People’s Financial News)