Faraday Future Unveils ATM Equity Offering, Eyes $90M in Stock Sales
Portfolio Pulse from Benzinga Newsdesk
Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) has announced an At-the-Market (ATM) equity offering sales agreement, under which it may offer and sell shares of its Class A common stock up to an aggregate value of $90.0 million.
September 27, 2023 | 10:11 am
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Faraday Future's ATM equity offering could lead to a dilution of existing shares, potentially impacting the stock price.
The announcement of an ATM equity offering by Faraday Future could lead to a dilution of existing shares if the company decides to sell a significant amount of new shares. This could potentially lead to a decrease in the stock price in the short term.
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