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Faraday Future Intelligent Electric Inc. (FFIE) has disclosed further details on its amended $12 million investment agreement with Gold King Arthur Holding Limited, a designated investor by AIxCrypto Holdings (AIXC). The restructuring replaces the previous 'true-up' share mechanism with milestone-linked warrants, capped at one million shares at an exercise price of $1.50. These warrants are strictly contingent upon the delivery of 500 FX Super One vehicles and carry an expiration date of April 2030. Additionally, the AIXC ecosystem is exploring the potential use of FFAI shares as underlying assets for future equity tokenization initiatives. This strategic shift aims to mitigate shareholder dilution by tying equity issuance directly to production milestones rather than market fluctuations. While the move offers a more structured path to capital, the company's ability to meet these specific delivery targets remains a key focal point for the market.
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