Faraday Future sets $5 conversion price floor for existing convertible notes
FFAI•Convertible note floor and dilution control
Faraday Future set a $5 per-share conversion price floor for existing convertible notes, aiming to cap dilution from future conversions.
- Weekly disclosures will track convertible note conversions or debt-reduction activity, increasing transparency on changes in shares outstanding.
- The company's liabilities optimization plan targets reducing total liabilities to below $100 million within four quarters from $230 million at the end of Q1 2026.
