EV Startup Faraday & Future Said to be in Merger Talks with SPAC: Bloomberg

Property Solutions Acquisition

Faraday & Future, an electric-vehicle startup, is in talks to go public through a merger with Property Solutions Acquisition, according to people with knowledge of the matter, Bloomberg reports.

The SPAC is seeking to raise more than $400 million in equity to support the transaction, which is slated to value the combined entity at around $3 billion. Read more.

Total
0
Shares
Related Posts
Read More

Alset Capital Acquisition Merging with HWH Int’l

Terms call for the SPAC's stockholders to receive one common share of HWH for every 10 of ACAX’s rights and ACAX’s warrants will become exercisable for HWH’s common shares at $11.50 per share. No other deal details were available.