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.

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