According to foreign media reports , People familiar with the matter said , Faraday, an electric car start-up, is negotiating with SPV to acquire the company （SPAC）Property Solutions
Acquisition Merger and listing .
People familiar with the matter said , This family SPAC Seeking to raise more than 4 Billion dollars to support the deal , The transaction is expected to value the combined entity at about 30
USD100mn . before , Faraday's future has been achieved through equity and debt financing 23 Billion dollars . It's the same as any deal that hasn't been finalized , The terms of the deal may change , Negotiations could also break down .
A Faraday spokesman did not respond to repeated requests for comment .Property Solutions Acquisition A representative of the company declined to comment .
Faraday future is headquartered in Los Angeles, USA , Founded by entrepreneur Jia Yueting . After accumulating billions of dollars in personal debt , Jia Yueting Yu 2019 year 10
Filed for bankruptcy in the United States in May . Faraday's future is currently headed by CEO Bifukang (Carsten Breitfeld) leader , The company this week appointed zweil, a former executive at Fox factory holdings · Grassman (Zvi
Glasman) Chief financial officer .
Faraday's future , One year after the completion of this financing transaction , The company's flagship product —— Electric SUV FF 91 Will go on sale . Michael Jordan, chairman and co CEO · Vogel (Jordan
Vogel) Leading Property Solutions Acquisition, stay 2020 year 7 IPO in June (IPO) I raised a lot of money 2.3
100 million US dollars . The company has the ability to seek consolidation in any industry , It was expressed at the beginning of its establishment , Aim to serve the real estate industry companies , Including real estate technology .
Including Nikolay (Nikola) And Fisk (Fisker） Electric vehicle companies in China , In recent years, all of them have passed the SPAC Merger and listing .
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