On December 31, 2023, an amendment to Schedule 13G was filed with the U.S. Securities and Exchange Commission by a group of related entities and an individual, indicating a significant ownership stake in Faraday Future Intelligent Electric Inc. The entities, including YA II PN, Ltd., YA Global Investments II (U.S.), LP, Yorkville Advisors Global, LP, Yorkville Advisors Global II, LLC, YA II GP, LP, YAII GP II, LLC, and individual Mark Angelo, collectively reported shared voting and dispositive power over 13,703,727 shares of Faraday Future's Class A Common Stock, representing 9.99% of the class. The shares are deemed to be beneficially owned due to the right to acquire them within 60 days under a Standby Equity Purchase Agreement (SEPA) with the issuer. The...Show More

On December 31, 2023, an amendment to Schedule 13G was filed with the U.S. Securities and Exchange Commission by a group of related entities and an individual, indicating a significant ownership stake in Faraday Future Intelligent Electric Inc. The entities, including YA II PN, Ltd., YA Global Investments II (U.S.), LP, Yorkville Advisors Global, LP, Yorkville Advisors Global II, LLC, YA II GP, LP, YAII GP II, LLC, and individual Mark Angelo, collectively reported shared voting and dispositive power over 13,703,727 shares of Faraday Future's Class A Common Stock, representing 9.99% of the class. The shares are deemed to be beneficially owned due to the right to acquire them within 60 days under a Standby Equity Purchase Agreement (SEPA) with the issuer. The entities are affiliated through a complex structure involving partnerships and management roles, with Mark Angelo making investment decisions on behalf of YA II. The filing, dated February 12, 2024, asserts that the shares were not acquired for the purpose of changing or influencing the control of the issuer, and each reporting person disclaims beneficial ownership of the securities reported by any other reporting person.