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Faraday Future 8-K Financial Report: Insights on Class A Stock & Redeemable Warrants

$FFIE
Form 8-K
Filed on: 2024-12-19
Source
Faraday Future 8-K Financial Report: Insights on Class A Stock & Redeemable Warrants

The provided financial report excerpt contains critical information that can be summarized as follows:

  1. Entity Identification:
  • Company: Faraday Future Intelligent Electric Inc.
  • CIK: 0001805521
  • SEC Filing Type: 8-K
  • Filing Date: December 19, 2024
  1. Stock Information:
  • Class of Stock: Class A common stock
  • Par Value: $0.0001 per share
  • Ticker Symbol: FFIE (NASDAQ)
  1. Warrants:
  • Type: Redeemable warrants
  • Exercise Price: $110,400.00 per share
  • Warrant Ticker Symbol: FFIEW (NASDAQ)
  1. Reporting Context:
  • The context is set for the date of December 19, 2024, indicating the report is focused on a specific snapshot of financial data relevant to that day.
  1. Units of Measure:
  • Financial amounts are denominated in USD (US Dollars).
  • The shares are measured in standard units of shares.
  1. Contact Information:
  • Address: 18455 S. Figueroa Street, Gardena, CA 90248
  • Phone: 424-276-7616

Key Insights:

  • The company is actively involved in the electric vehicle sector, as indicated by its name, which implies it may be a technology or automotive startup.
  • The high exercise price of the redeemable warrants ($110,400.00) suggests a premium investment opportunity.
  • The presence of Class A common stock and warrants indicates that the company may be utilizing a complex capital structure to attract investment.
  • The specific par value of the stock is very low, common in startups or high-growth companies to facilitate easier issuance of shares without significant capital barriers.

This information is essential for potential investors, analysts, and stakeholders evaluating the company's financial position and investment opportunities.