EV startup Faraday Future refutes claims made by top shareholder – EQ Mag Pro
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Faraday Future Intelligent Electric Inc on Monday refuted claims made by the electric vehicle startup’s largest shareholder regarding its rights as a stakeholder.
Earlier this month top shareholder FF Top called for a special meeting to remove Brian Krolicki from Faraday Future’s board.
The EV startup said FF Top breached a shareholder agreement by soliciting investors to vote in favor of removing Krolicki.
FF Top did not immediately respond to a request for comment.
Faraday Future has called for a special shareholder meeting, but a date hasn’t been set yet.
FF Top, which has a stake of about 36% stake in the company, said in a regulatory filing last week that it had asked Faraday Future to provide “certain books and records” for one or more proxy proposals it was contemplating.
Source: reuters
