PSAC News and Press, Faraday Future Intelligent Electric Inc Com From 02/16/21

Board Is Comprised of Six Industry Experts Including New Members John Chiang, Ian Rogoff and Margaret “Peggy” Taylor New Members Will Bring Additional Perspectives to Help the Company Broaden and Validate Business, Marketing and Fundraising Strategies F...

Global electric car sales records for Dec. 2020 up 105% YoY reaching 6.9% share. Europe sales up 264% YoY reaching 23% share, China sales rose 12% YoY reaching 9.4% share. EV market news - "The electric car future is finally taking off." BNEF -EV sales to surge 60% in 2021. Biden vows...

Gainers: Siebert Financial (SIEB) +221%. LM Funding America (LMFA) +45%. Nam Tai Property (NTP) +18%. Property Solutions Acquisition (PSAC) +17%. Social Capital Hedosophia Holdings (IPOE) +15%.Losers: Ucommune International (UK) -33%. The Macerich (MAC) -12%. Seritage Growth Properties (SRG) ...

Siebert Financial (SIEB) +453%.LM Funding America (LMFA) +101%.GameStop (GME) +75%.Koss Corporation (KOSS) +63%.Novavax (NVAX) +60% as its COVID-19 vaccine shows 89% efficacy in UK, 60% in South Africa.Catabasis Pharmaceuticals (CATB) +51% after announcing acquisition of Quellis Bio...

Geely Holding Group (GELYF) says it is talks with Foxconn (FXCOF) to provide contract manufacturing services to electric vehicle maker Faraday Future in China. Geely also said that it is a minority investor in Faraday's future listing through a SPAC merger with Property Solutions Acquisi...

Faraday Future, a global shared intelligent mobility ecosystem company and China’s largest privately owned automotive group, Zhejiang Geely Holding Group, have jointly signed a framework cooperation agreement. The two sides will cooperate in technology and engineering support, an...

Gainers: Property Solutions Acquisition (PSAC) +18%. American Financial Group (AFG) +17%. Marathon Patent Group (MARA) +16%. SLM (SLM) +14%. Atlanticus Holdings (ATLC) +11%.Losers: Oxbridge Re Holdings (OXBR) -24%. World Acceptance (WRLD) -18%. Medley Management (MDLY) -18%. Ucommune Internat...

Faraday Future doesn't have a very long past, but it is full of questionable business practices that have left the company fighting an uphill battle. The FF 91 has some admirable features, but very little is known about the vehicle and it still has many issues to iron out, chief among...

Faraday Future and SPAC specialist Property Solutions Acquisition Corp. (PSAC) announce they have entered into a definitive agreement for a business combination.Following the closing, the combined company will be listed on the Nasdaq Stock Market under the ticker symbol FFIE.The common stock ...

Merger to provide an estimated $1.0 billion of gross proceeds to Faraday Future (“FF”), including $230 million in cash held by PSAC in trust assuming no redemptions and an upsized $775 million fully committed common stock PIPE at $10.00 per share. Transaction i...