Faraday Future Says It Faces Death Threats Amid Effort to Raise Capital

Electrical-car startup Faraday Future Clever Electrical mentioned Thursday its firm leaders are going through demise threats and a misinformation marketing campaign as they attempt to elevate cash for the manufacturing of its first automobile.

The assertion by Faraday comes after one of many Los Angeles-based startup’s largest shareholders sued in Delaware Chancery Court docket on Monday, alleging that its present board “has driven the company into the ground” since merging with a special-purpose acquisition firm, or SPAC, earlier this yr. The group is searching for the resignation or elimination of two administrators, together with govt chair Susan Swenson.