New York, April 21, 2026 (GLOBE NEWSWIRE) — Univest Securities, LLC (“Univest”), a member of FINRA and SIPC, and a full-service funding financial institution and securities broker-dealer agency primarily based in New York, immediately introduced the closing of a notice providing (the “Offering”) of $45 million for its shopper Faraday Future Clever Electrical Inc. (NASDAQ: FFAI), (the “Company”, “Faraday Future” or “FF”), a California-based international Embodied AI (EAI) ecosystem firm.
The combination gross proceeds to the Firm had been roughly $45 million.
Univest Securities, LLC acted as the only real placement agent.
The Notes had been provided and bought in a transaction exempt from the registration necessities of the Securities Act of 1933, as amended (the “Securities Act”), pursuant to the exemption for transactions by an issuer not involving any public providing below Part 4(a)(2) of the Securities Act and Rule 506 of Regulation D of the Securities Act and in reliance on related exemptions below relevant state legal guidelines. Accordingly, the Notes and underlying shares of widespread inventory issuable upon conversion of the Notes is probably not provided or bought in america besides pursuant to an efficient registration assertion or an relevant exemption from the registration necessities of the Securities Act and such relevant state securities legal guidelines. For added info relating to the fabric phrases regarding the Financing, please see the Firm’s Kind 8-Okay filed with the SEC at http://www.sec.gov on April 20, 2026.
This press launch doesn’t represent a proposal to promote or the solicitation of a proposal to purchase, nor will there be any gross sales of such securities in any jurisdiction during which such provide, solicitation or sale could be illegal previous to registration or qualification below the securities legal guidelines of such jurisdiction.
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About Univest Securities, LLC
Registered with FINRA since 1994, Univest Securities, LLC gives all kinds of economic providers to its institutional and retail shoppers globally, together with brokerage and execution providers, gross sales and buying and selling, market making, funding banking and advisory, and wealth administration. It strives to offer shoppers with value-added service and focuses on constructing long-term relationships with its shoppers. As a outstanding title on Wall Road, Univest has efficiently raised over $1.7 billion in capital for issuers throughout the globe since 2019 and has accomplished roughly 100 transactions spanning a wide selection of funding banking providers in numerous industries, together with know-how, life sciences, industrial, shopper items, and so on. For extra info, please go to: www.univest.us.
About Faraday Future
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Faraday Future is a California-based international clever Firm based in 2014 and is devoted to reshaping the way forward for mobility by way of automobile electrification, clever applied sciences, and AI innovation. Its flagship automobile, the FF 91, started deliveries in 2023 and displays the model’s pursuit of ultra-luxury, cutting-edge know-how, and excessive efficiency. FF’s second model, FX, targets the high-volume mainstream automobile market. Its first mannequin, Tremendous One, is positioned as a first-class EAI-MPV, with deliveries deliberate to start in 2026. FF just lately introduced its entry into the Embodied AI Robotics enterprise with gross sales starting this yr, connecting its future technique of bringing a brand new period of EAI automobiles and EAI robotics. For extra info, please go to https://www.ff.com/.
Ahead-Trying Statements
This press launch accommodates forward-looking statements as outlined by the Personal Securities Litigation Reform Act of 1995. Ahead-looking statements embrace statements regarding plans, targets, targets, methods, future occasions or efficiency, and underlying assumptions and different statements which can be apart from statements of historic details. When the Firm makes use of phrases corresponding to “may, “will, “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or related expressions that don’t relate solely to historic issues, it’s making forward-looking statements. Ahead-looking statements are usually not ensures of future efficiency and contain dangers and uncertainties that will trigger the precise outcomes to vary materially from the Firm’s expectations mentioned within the forward-looking statements. These statements are topic to uncertainties and dangers, together with, however not restricted to, the uncertainties associated to market situations and the completion of the preliminary public providing on the anticipated phrases or in any respect, and different components mentioned within the “Risk Factors” part of the registration assertion filed with the SEC. For these causes, amongst others, traders are cautioned to not place undue reliance upon any forward-looking statements on this press launch. Extra components are mentioned within the Firm’s filings with the SEC, which can be found for evaluate at www.sec.gov. Univest Securities LLC and the Firm undertake no obligation to publicly revise these forward-looking statements to replicate occasions or circumstances that come up after the date hereof.
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