Faraday Future Receives 10% Stake In Grow Fandor From Founder YT Jia
Portfolio Pulse from Benzinga Newsdesk
Faraday Future (FFIE) has received a 10% stake in Grow Fandor from its founder YT Jia. Jia transferred nearly 60% of his personal shares, equating to 10% of Grow Fandor's total shares, to Faraday Future as a gift.
October 09, 2024 | 5:50 am
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Faraday Future has acquired a 10% stake in Grow Fandor, enhancing its asset base and potential for global IP commercialization.
The acquisition of a 10% stake in Grow Fandor by Faraday Future is a strategic move that enhances its asset base and potential for global IP commercialization. This could positively impact FFIE's stock price in the short term as it strengthens its business prospects.
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