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SEC closes probe of Faraday Future with no charges, ending 2021 merger allegations.
The U.S. Securities and Exchange Commission has closed its four-year investigation into Faraday Future without taking enforcement action, ending a probe that began in 2021 over allegations of misleading statements during its 2021 SPAC merger and inflated sales claims for its FF91 SUV.
Though the SEC had previously issued Wells Notices and conducted extensive reviews, it found no basis for charges against the company or its executives.
The resolution is expected to ease financial and partnership hurdles, though Faraday Future still faces risks including potential Nasdaq delisting due to low stock prices and ongoing challenges in executing its electric vehicle strategy.
SEC cierra la investigación de Faraday Future sin cargos, poniendo fin a las acusaciones de fusión de 2021.