Faraday in talks to go public via SPAC
January 12, 2021- Share:
Electric vehicle startup Faraday Future is considering a merger with blank-check company Property Solutions Acquisition, Bloomberg reported. The SPAC is said to be seeking over $400 million to help complete the deal, which could value the combined company at some $3 billion. Property Solutions Acquisition was formed by Benchmark Real Estate, with initial plans to target the real estate industry.
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