Faraday Future Intelligent Electric soared 34% in pre-market trading, securing a commitment for $30 million in financing
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Faraday Future's stock price rose 34% in pre-market trading as the company secured a $30 million financing commitment to drive growth. The financing includes $7.5 million from previous funding and $22.5 million in new investments, primarily from UAE-based investment firm Leshi Seama Investment Group. Faraday Future plans to hold a press conference on September 19th to introduce its second brand strategy and its role in addressing the issues of lagging electric vehicle sales and global market expansion. The company has met the requirements to continue listing on Nasdaq
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