(Reuters) - Faraday Future said on Thursday it was exploring strategic options, including debt and equity financing, two days after the Chinese electric vehicle developer’s co-founder Nick Sampson stepped down.
The company said it “can now welcome potential investors from around the world”.
The move comes as the cash-strapped company, which has ambitions to overtake Tesla (TSLA.O), is embroiled in a bitter legal fight with its main investor, China’s Evergrande Health Industry Group Ltd (0708.HK), after a planned $2 billion investment went sour.
Last week, Faraday Future got relief to seek financing from sources other than Evergrande Health, according to a interim ruling by a Hong Kong arbitration court.
Faraday Future has retained Stifel, Nicolaus & Co as its financial adviser.
Reporting by Soundarya J in Bengaluru; Editing by Shounak Dasgupta