Property Solutions Acquisition Corp (PSAC)

[barnyarddog]

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