Faraday Future refutes rumors that executives are reducing their holdings

On April 17, Faraday Future issued a statement saying that yesterday, rumors appeared in the market about the company’s executives reducing their holdings of the company’s shares. The company’s executives hold firm holdings and have not reduced their holdings in any of the company’s shares recently. After the previous announcement of the $41 million financing commitment, the company has successfully received the first batch of financing payments totaling about $10 million from investors. The company filed a Regulation D form for compliance disclosure as required by the regulations. At this time, no common shares have been issued in this round of financing. Form D contains only brief information about the Company, management, directors and promoters and is not related to the sale of shares by the Company’s management, and the Company’s management has not sold any FF shares. The company will file a Form 4 tomorrow to disclose the change in shares resulting from the exercise of the company’s directors. The exercise of shares will involve the withholding of shares, and it is not an active sale of shares by the directors, and the directors and employees are currently in the lock-up period of the company’s shares.