Associated tags: FF, Bankruptcy Code, Communication, Sale, Insolvency and Bankruptcy Code, 2016, Faraday Future, Entrepreneurship, AI, Internet, Partner, LOS, Security (finance)
Locations: CALIFORNIA, UNITED STATES, BEIJING, CHINA, EUROPE, NORTH AMERICA
Ultimate,
Bankruptcy Code,
SOP,
Entrepreneurship,
FF,
Sale,
AI,
Faraday Future,
Internet,
Partnership,
Insolvency and Bankruptcy Code, 2016,
Communication,
LOS,
Security (finance) Separately, the Company plans to hold a special stockholders meeting on February 28, 2023, to consider a proposal to increase the authorized shares of Faraday Future Class A common stock.
Key Points:
- Separately, the Company plans to hold a special stockholders meeting on February 28, 2023, to consider a proposal to increase the authorized shares of Faraday Future Class A common stock.
- If approved by Faraday Future stockholders, this proposal will clear the path for FF 91 Futurist SOP and other Company strategic goals.
- More importantly, the successful completion of the financing was based on the modification of a major provision in the terms of the warrants in the original financing agreements.
- Our governance structure is modeled after the Alibaba Partnership, where all partners share in entrepreneurship, ownership, risks, governance, and decision-making for FF.
Retrieved on:
Wednesday, January 18, 2023
News,
Attention,
Shareholder,
Communication,
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Common stock,
LOS,
Agreement,
Framework agreement,
Shareholders' agreement,
Risk,
Heads of Agreement (1981),
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AI,
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Insolvency and Bankruptcy Code, 2016,
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FF,
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Bankruptcy Code,
Faraday Future,
Economic Cooperation Framework Agreement,
Management,
Holding company,
Security (finance),
Risk management FF Top will thereafter have the right to nominate a number of directors proportionate to its share ownership.
Key Points:
- FF Top will thereafter have the right to nominate a number of directors proportionate to its share ownership.
- As a result of the Amended Shareholder Agreement, FFGP and FF Top may be deemed to control the Company.
- The Shareholder Agreement and changes to the governance structure also play a significant role in implementing FF's global business strategy.
- Our governance structure is modeled after the Alibaba Partnership, where all partners share in entrepreneurship, ownership, risks, governance, and decision-making for FF.
Retrieved on:
Thursday, December 29, 2022
Asian Institute of International Financial Law,
Cornerstone,
International Financial Reporting Standards,
Fortune Global 500,
Shanghai Stock Exchange,
Communication,
BAIC,
Bankruptcy Code,
FF,
PEMAC Asset Management Association of Canada,
Partnership,
AI,
Insolvency and Bankruptcy Code, 2016,
Internet,
Ali Baba,
Entrepreneurship,
Multimedia,
Partner,
OEM,
Asset Management Association of China,
Sale,
Exercise,
BAIC Group,
Management Ms. Ke Sun served as the Chief Financial Officer of Yudo New Energy Auto, an electric vehicle OEM in Fujian Province, China.
Key Points:
- Ms. Ke Sun served as the Chief Financial Officer of Yudo New Energy Auto, an electric vehicle OEM in Fujian Province, China.
- From September 2017 to May 2019, Ms. Sun served as an independent financial adviser and assisted in the fundraising efforts of HoloMatic Technology Ltd.
- Before joining BAIC Motor, Ms. Sun worked on the strategic investment team at a Chinese internet company and a global media group.
- Ms. Sun Serves on the FF board of directors based on her professional knowledge of large corporation board governance, finance & investment and her extensive background in the auto industry.
Retrieved on:
Thursday, December 22, 2022
Cornerstone,
Faraday Future,
Communication,
Operation,
Lokomotiv Yaroslavl plane crash,
Bankruptcy Code,
FF,
University,
Partnership,
AI,
Financial compensation,
CAO,
Insolvency and Bankruptcy Code, 2016,
Transport,
Internet,
Ali Baba,
Entrepreneurship,
Singapore Exchange,
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Professional Football Compensation Committee,
Economics,
University of Essex,
Accounting,
Sale,
Exercise,
China National Aviation Fuel,
Management,
Airline The Board also nominated Mr. Sheng as a member of the Nominating and Corporate Governance Committee and the Compensation Committee.
Key Points:
- The Board also nominated Mr. Sheng as a member of the Nominating and Corporate Governance Committee and the Compensation Committee.
- Mr. Sheng, age 39, is currently the Head of Operations & Finance Director of FF Global Partners LLC, a position he has held since June 2022.
- FF Global Partners LLC, through its subsidiary FF Top, is the Company's largest stockholder.
- This is an important milestone, and it is of great alignment, promoting the success of FF and maximizing shareholder value."
Retrieved on:
Thursday, October 27, 2022
Commerce,
Communication,
Sale,
Bankruptcy Code,
Partner,
United States Department of the Treasury,
Investor,
Faraday Future,
Investment,
Partnership,
Private Securities Litigation Reform Act,
LOS,
FF,
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Insolvency and Bankruptcy Code, 2016,
Forward-looking statement,
Renewable energy,
Security (finance) LOS ANGELES, Oct. 26, 2022 /PRNewswire/ -- On October 26, 2022, FF Top Holding LLC ("FF Top"), a Major Stockholder of Faraday Future, announced that it has agreed to amend its letter agreement regarding advanced approval with the Company, dated September 23, 2022, in order to accommodate an October 24, 2022 amendment, previously disclosed by FFIE, to the terms of the potential investment ("Investment") of up to $60 million in the Company by Senyun International Ltd. (the "Investor" ) and thereby facilitate the Company's closing of such financing.
Key Points:
- FF Top is pleased that the Investor, introduced to the Company by FF Top, has made a deal with the Company.
- In order to assist the Company's efforts to close the additional financing contemplated by the Investment FF Top has made substantial concessions and sacrifices.
- Specifically, FF Top is suffering significant loss of economic benefits and voting power as a result of this investment and the Company's recent financings.
- In connection with the amendment to the letter agreement regarding advanced approval, FF Top and the Company have also reached an agreement to bring further positive and much-needed changes to the Company's governance through the appointment of a fourth FF Top designee to the Board.
FF Top remains committed to workingwith FFIE to fully implement the governance agreement reached with FFIE on September 23, 2022.We are confident that the board of directors will successfully manage the smooth transition under the leadership of the new interim chairman Adam He.
Key Points:
- FF Top remains committed to workingwith FFIE to fully implement the governance agreement reached with FFIE on September 23, 2022.We are confident that the board of directors will successfully manage the smooth transition under the leadership of the new interim chairman Adam He.
- FF Top also looks forward to FFIE rolling out a new longer term top-level corporate governance and operational management structure following FFIE's announced 21-day interim solution.
- FF Top believes that following the execution of the September 23, 2022 governance agreement, the interests of FFIE shareholders and FFIE are more aligned with respect to the future direction of the company.
- FFIE states in its Form 8-K that certain persons have made "whistleblower complaints" to FFIE regarding a variety of matters.
Retrieved on:
Monday, September 26, 2022
Faraday Future,
Partner,
Seton Hall University,
Global,
Ultimate,
Jia Yueting,
FF,
LOS,
Insolvency and Bankruptcy Code, 2016,
Sale,
Central University,
Economics,
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Audit committee,
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Bankruptcy Code,
Master of Taxation,
Private Securities Litigation Reform Act,
Central University of Finance and Economics,
Board,
ATW,
Communication,
Management,
Security (finance),
Science,
IPO FF Top believes this governance restructuring will help FFIE to get through its recent difficulties, obtain large-scale financing and complete product delivery.
Key Points:
- FF Top believes this governance restructuring will help FFIE to get through its recent difficulties, obtain large-scale financing and complete product delivery.
- As the largest stockholder of FFIE with more than 35% voting rights, FF Top welcomes the FFIE's board of directors' decision to support the governance restructuring.
- This follows FFIE's recent receipt of new and accelerated commitments from ATW up to 40 million, which FF Top supported with a voting agreement.
- FF Top is a company whose majority is indirectly held by FF Global Partners LLC ("FF Global Partners ").
Shanda,
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Director LOS ANGELES, June 27, 2022 /PRNewswire/ --FF Top Holding LLC ("FF Top") a major shareholder of Faraday Future Intelligent Electric Inc.("FF", FFIE")(NASDAQ:FFIE), delivered a Notice of Removal of FF Top Designee (the "Removal Notice") to the Board of Directors of FFIE pursuant to Section 2.1(c) of the Shareholder Agreement, dated as of July 21, 2021, by and between FF Top and FFIE (the "Shareholder Agreement"), stating that it was exercising FF Top's right to remove Mr. Brian Krolicki, an FF Top Designee, from the Board of Directors.
Key Points:
- LOS ANGELES, June 27, 2022 /PRNewswire/ --FF Top Holding LLC ("FF Top") a major shareholder of Faraday Future Intelligent Electric Inc.("FF", FFIE")(NASDAQ:FFIE), delivered a Notice of Removal of FF Top Designee (the "Removal Notice") to the Board of Directors of FFIE pursuant to Section 2.1(c) of the Shareholder Agreement, dated as of July 21, 2021, by and between FF Top and FFIE (the "Shareholder Agreement"), stating that it was exercising FF Top's right to remove Mr. Brian Krolicki, an FF Top Designee, from the Board of Directors.
- On June 23, 2022, FF Top delivered a Notice of Nomination of Replacement FF Top Designee to the Board of Directors pursuant to the Shareholder Agreement, stating that FF Top was nominating Ms. Li Han, formerly a partner at an internationally recognized law firm, to replace Mr. Krolicki as an FF Top Designee on the Board of Directors.
- She is a former Partner of O'Melveny & Myers and former General Counsel of Shanda Group.
- In addition, FF Top hopes that FFIE complies with its obligations under the Shareholder Agreement to facilitate the removal of Mr. Krolicki and appointment of Li Han as his replacement.
