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Electric vehicle firm Faraday Future to go public through US$3.4 billion SPAC deal

Electric vehicle maker Faraday Future has agreed to go public through a merger with blank-check firm Property Solutions Acquisition Corp in a deal valuing the combined entity at US$3.4 billion, the companies said on Thursday.

Faraday Future's luxury electric car FF91 is seen at the company's headquarters in Gardena
Faraday Future's luxury electric car FF91 is seen at the company's headquarters in Gardena, California, U.S. November 21, 2019. REUTERS/Lucy Nicholson
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REUTERS: Electric vehicle maker Faraday Future has agreed to go public through a merger with blank-check firm Property Solutions Acquisition Corp in a deal valuing the combined entity at US$3.4 billion, the companies said on Thursday.

(Reporting by Niket Nishant in Bengaluru; Editing by Shinjini Ganguli)

Source: Reuters