Faraday Future to merge with Property Solutions Acquisition Corp. and list on NASDAQ

Faraday Future entered a definitive agreement to merge with SPAC Property Solutions Acquisition Corp., providing an estimated $1 billion in gross proceeds to fund production of the FF 91 electric vehicle. The transaction is expected to close in Q2 2021.

“Faraday Future and Property Solutions Acquisition Corp. today announced they have entered into a definitive agreement for a business combination.”businesswire.com

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• businesswire.comFaraday Future to List on NASDAQ Through Merger With Property Solutions Acquisition Corp. With Estimated $1 Billion in ProceedsFOR FARADAY FUTUREJan 28, 2021

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