LOS ANGELES: Faraday & Future Inc, an electric-vehicle (EV) startup, is in talks to go public through a merger with Property Solutions Acquisition Corp, a blank-check firm, according to sources.
The special purpose acquisition company is seeking to raise more than US$400mil in equity to support the transaction, which is slated to value the combined entity at around US$3bil, the sources said. As with all deals that haven’t been finalised, it’s possible that terms change or talks fall apart.
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