(24/7 MARKET NEWS) – Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE) reported, yesterday, definitive funding commitments of $135 million in convertible secured notes agreements and modification of key warrants.
Faraday Future is trading at $1.29, up $0.21 (+19.44%), on volume of 23.6 million shares traded.
Its52-week trading range is $0.245 to 7.85. While it doesn’t look likely to challenge the $2-3 this week, if it can maintain this strong volume, its setup I favorable for such a potential run to occur.
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