Property Solutions Acquisition Corporation (PSAC)

FFIE new ticker symbol

Computerized EV

Looks like Faraday Future is closing next week.

was in back then when all spacs were interesting. I forgot all about this...

When is first day of trading for newco?

What’s up?

something's up.

I think this stock has the Chinese invested along with a government backing. I have no high limit. 1200.00 stock possible in my mind. Wait for the Chinese TV commercials pitching the cars I guess. I just a truck driver reading the news.

'Dog, can you help me out.

Per reports, the FMV of this transaction is $3.4B. If PSAC s/h will have 6.8% of the stock after merger's completion, then the value of its stake is $231M (6.8% x $3.4B) and with 29+M shares o/s, the worth of the shares should be in the range of $8.

Why then is the SP now in the $21 range, pre-merger? Are the redemption shares part of this anomaly?

TIA for your thoughts.

Don't Buy Into EV SPAC Craze With Faraday Future

https://seekingalpha.com/article/4401597-dont-buy-ev-spac-craze-faraday-future


Just a cautionary report for investors.

Perhaps things will go better this time around. Or maybe not.

Price History
Date
Open Day Low Day High Close Volume
1/29/2021 20.31 17.07 20.65 18.45... 14,706,357
1/28/2021 15.99 14.50 17.50 15.43... 15,979,496
1/27/2021 13.75 12.53 14.99 13.00 ...4,484,763
1/26/2021 12.81 12.31 13.35 13.23... 5,243,233
1/25/2021 11.44 11.30 11.52 11.42 ...1,992,953

This kinda been under radar

Wow trading beautifully... this is gonna go nuts next week... NAP TIME FO FREE!!!

- China’s Zhejiang Geely Holding, parent of Geely Automobile and owner of Volvo, said it would be a minority investor. It will offer engineering and technology support. Together with Foxconn, formally known as Hon Hai International, Geely is also in talks to provide contract manufacturing services to Faraday Future. An unnamed major Chinese city also will be an investor.

- Credit Suisse and Stifel advised Faraday while Deutsche Bank and Riverside Management Group advised Property Solutions Acquisition.


BREAKINGVIEWS-Shaky electric-car maker zips into market mania
10:04 PM ET 1/28/21 | Reuters

Psac stairsteppn to heaven ... i got my for sale @ $48 ;)

$PSAC swing trading this

#FF91 Makes tesla look like a bitch a$$ civic -->>

Sure hope folks dont miss this one BWAHAHAH WEEEEEEE

PSAC BUCKLED UP :)

Faraday Future and Geely Holding Group Sign a Cooperation Agreement
8:10 PM ET 1/28/21 | BusinessWire

LOS ANGELES--(BUSINESS WIRE)--January 28, 2021--


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, and will explore the possibility of using OEM production services provided by the joint venture between Foxconn and Geely.

At the same time, Geely Holding Group has also signed a subscription agreement to become a minority investor in Faraday Future in connection with the previously announced business combination between Faraday Future and Property Solutions Acquisition Corp. (NASDAQ: PSAC), which remains subject to customary terms and conditions including the consummation of such business combination.

Users can reserve an FF 91 now at: https://www.ff.com/us/reserve

ABOUT FARADAY FUTURE

Established in May 2014, Faraday Future (FF) is a global shared intelligent mobility ecosystem company, headquartered in Los Angeles, California. FF's vision is to create a shared intelligent mobility ecosystem that empowers everyone to move, connect, breathe, and live freely. FF aims to perpetually improve the way people move by creating a forward-thinking mobility ecosystem that integrates clean energy, AI, the Internet and new usership models. With the FF 91, FF has envisioned a vehicle that redefines transportation, mobility, and connectivity, creating a true "third Internet living space," complementing users' home and smartphone Internet experience.

The makeup of Faraday Future’s ownership is changing with the deal. When it closes, shareholders of the SPAC will own 6.8 percent of the company. The entities doing the $775 million raise will own 23 percent. Creditors that Faraday Future and Jia owe money to will own 17.2 percent. Existing shareholders in Faraday Future will collectively own 51.1 percent.

https://www.theverge.com/2021/1/28/22247942/faraday-future-spac-merger-public-psac-property-solutions-nasdaq

https://www.ff.com/us/solutions/


Faraday Future is going public and raising $1 billion

By Sean O'Kane@sokane1
Jan 28, 2021
https://www.theverge.com/2021/1/28/22247942/faraday-future-spac-merger-public-psac-property-solutions-nasdaq

* * $PSAC Video Chart 01-28-2021 * *

Link to Video - click here to watch the technical chart video

Tesla competitor Jan 28, 2021

Electric Vehicle Start-Up Faraday Future to Go Public Via a SPAC Merger

The deal with Property Solutions Acquisition values post-merger Faraday at over $3 billion.

Jan 28, 2021
https://www.fool.com/investing/2021/01/28/ev-startup-faraday-future-to-go-public-via-merger/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article

THIS IS GETTING CRAZY FAST!!! PSAC

Looking for a nice run this week!

$Psac https://twitter.com/iamFREEMONEY/status/1354757232278167553?s=19

Psac Faraday future inc ...EV-->> HOMERUN https://twitter.com/iamFREEMONEY/status/1354752799490203651?s=19

$PSAC Winner Winner chicken dinner!!! Load now!!!

$SPAC $21.00 now lol

$PSAC $20.00 from my $18.00 call

$PSAC Now!!!!

$PSAC ok the move my webull family

$PSAC $18.00

https://www.ff.com/

Faraday Future Inc

The rumors are circulating... Time will tell.

Position started, Good Luck all.