AIxCrypto and Faraday Future Amend $12 Million Investment Agreement, Introducing Milestone-Linked Warrant
AIxCrypto (AIXC) and Faraday Future (FFAI) have amended their $12 million investment agreement, replacing the true-up share mechanism with a milestone-linked warrant. The warrant allows for the purchase of up to 1 million shares at $1.50 each, exercisable after delivery of 500 FX Super One vehicles. The agreement also includes a new structure with a combination of common and preferred stock.
Topics: AIXC amendment equity tokenization FFAI investment agreement securities purchase agreement