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The $41 million aggregate purchase price from Faraday Future Intelligent Electric Inc.'s March 2025 Securities Purchase Agreement, composed of roughly $39.5 million in cash and approximately $1.5 million converted from a prior loan, anchors a restructuring the company and its investors executed on August 20, 2026 (FFAI, Nasdaq).
The Amendment Agreement splits the fourth closing, which had not yet occurred as of the signing date, into two separate closings and strips Common Warrant and Incremental Warrant obligations from both remaining closings and the instruments already issued at the three completed ones.
Those three closings ran April 4, 2025, May 28, 2025, and July 11, 2025. Warrant changes reach back to completed closings The warrant eliminations extend retroactively.
Outstanding Incremental Warrants issued at each of the three completed closings were amended to remove investors' right to receive Common Warrants upon exercise.
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