Ticker LaunchSPAC · Merger completed
Property Solutions Acquisition Corp.
Business combination with FF Intelligent Mobility Global Holdings Ltd.
Property Solutions Acquisition Corp. is a blank-check company (SPAC) that raised $200M in its initial public offering on Jul 22, 2020, listing on Nasdaq Capital Market. It completed its business combination with FF Intelligent Mobility Global Holdings Ltd. on Jul 21, 2021; the combined company is Faraday Future Intelligent Electric Inc. (FFIE). EarlyBird led the IPO. Graubard Miller advised the SPAC and Ellenoff Grossman & Schole advised the underwriters on the IPO.
FF Intelligent Mobility Global Holdings Ltd., described in its SPAC announcement as Faraday Future, is developing the FF 91 luxury electric vehicle. It has a manufacturing facility in Hanford, California, a contract manufacturing partner in South Korea, and an internet, autonomous driving and intelligence system.
- Status
- Merger completed
- IPO date
- Jul 22, 2020
- IPO size
- $200M
- IPO exchange
- Nasdaq Capital Market
- Target
- FF Intelligent Mobility Global Holdings Ltd. (Faraday Future)
- Announced
- Jan 28, 2021
- Closed
- Jul 21, 2021
- Combined company
- Faraday Future Intelligent Electric Inc. (FFIE)
- IPO underwriters
- EarlyBird
- SPAC counsel (IPO)
- Graubard Miller
- Underwriters' counsel (IPO)
- Ellenoff Grossman & Schole
More on this SPAC for subscribers
- Trust balance and value per share
- Liquidation deadline and extension history
- PIPE and other committed financing
- Merger proxy, registration statement and investor presentation
- Analyst notes from the filings
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Filings
- IPO prospectus (424B4) Jul 22, 2020
- Deal announcement (8-K) Jan 28, 2021
- Press release
- All filings on EDGAR CIK 1805521
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