Faraday Future raised $25 million for its robotics pivot. The fine print tells a different story.

Faraday Future announced on Thursday that it has raised $25 million through convertible promissory notes, bringing its total financing over the past two months to $70 million. The company says the capital is sufficient to fund Phase 1 of its robotics business plan through the end of 2026. The stock, which trades on Nasdaq under […] This story continues at The Next Web