# 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.

- Type: Acquisition
- Announced: 2021-01-28
- Where: United States
- Value: $1.00B
- Status: announced
- Products: FF 91 electric vehicle
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Faraday Future](https://endata.com/companies/52860.md) (target)
- [Property Solutions Acquisition Corp.](https://endata.com/companies/52874.md) (acquirer)

## Sources

- [businesswire.com](https://www.businesswire.com/news/home/20210128005488/en/Faraday-Future-to-List-on-NASDAQ-Through-Merger-With-Property-Solutions-Acquisition-Corp.-With-Estimated-%241-Billion-in-Proceeds), 2021-01-28: "Faraday Future and Property Solutions Acquisition Corp. today announced they have entered into a definitive agreement for a business combination."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.