Summary by Futu AI
Faraday Future Intelligent Electric Inc. has filed a Form D Notice of Exempt Offering of Securities with the SEC, indicating a new notice with the date of first sale on 09/12/2024. The filing reveals that the company, incorporated in Delaware in 2020, is offering debt and options or warrants to acquire another security. As of the filing, Faraday Future has sold $13,894,274 USD of the total offering amount of $30,019,274 USD. The company has declined to disclose its revenue range or aggregate net asset value. The filing also lists several executive officers and directors, including Matthias Aydt, Yueting Jia, and others, with no proceeds of the offering proposed to be used for payments to these individuals. Sales commissions of $2,162,911 USD have been paid, including cash compensation and common stock purchase warrants. The offering is not being made in connection with a business combination transaction, and the minimum investment accepted from any outside investor is $0 USD.