Faraday Future Intends To Set $5.00 Minimum Conversion Floor Price On All Existing Convertible Notes; Plans Weekly Conversion Disclosures And Standalone Robotics Financing
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Why It Matters
Faraday Future is setting a minimum price of $5 per share for converting its debt into stock, and will share updates on this weekly. The company also wants separate financing for its robotics business.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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