Global Automotive Stocks/EV Focus/Event Driven, SC Capital

SC Capital

SC Capital has over 20 years' experience covering the global automotive industry both on the Sell Side (UBS & Morgan Stanley) and Buy Side (Och-Ziff), along with a wealth of industry contacts. 

Current focus is on electric vehicle stocks & their supply chains. Aim is to identify the winners and losers from a long/short perspective. This includes close coverage of legacy automakers as well.  

From time to time. we cover opportunistic events with stocks in the manufacturing sector, food & beverage, healthcare and tech, where we also have coverage experience.

Global Automotive Stocks/EV Focus/Event Driven

Faraday Future (FFIE) Delays New EV Launch; Says It Needs More Cash

Faraday Future (FFIE) Struggles to Finance Amid Internal "Civil War"

Faraday Future's Proxy Fight Intensifies: $100M Financing Offer Ignored

Over 22 years covering Japanese equities on both the sell side and the buy side. 

Bottom-up Japan Equities Research

Equity Bottom-Up

Faraday Future Intelligent Ele / Equity Bottom-Up

<ul>
<li>Fardaday Future (FF) announced it lined up at least $100m in funding from two investors but gave little detail. Deal is set to close on or before August 8th. </li>
<li>Given that it's a senior secured convert deal, we doubt more than $100m-$200m can be raised, despite FF's release saying the deal has capacity for $600m.</li>
<li>FF only had $222m in cash in April after -$173m in FCF in Q1. They need $1bn to last through 2023. Anything less than $600m in funding would be negative.</li>
</ul>


Fardaday Future (FF) announced it lined up at least $100m in funding from two investors but gave little detail. Deal is set to close on or before August 8th. 
Given that it's a senior secured convert deal, we doubt more than $100m-$200m can be raised, despite FF's release saying the deal has capacity for $600m.
FF only had $222m in cash in April after -$173m in FCF in Q1. They need $1bn to last through 2023. Anything less than $600m in funding would be negative.


Faraday Future (FFIE) Claims It Lined Up Funding but Details Are Vague