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Tesla is starting to motor as profits roll in
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Nikola Corporation – NBC New York
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Electric car manufacturer Faraday Future appears to have taken a major step forward in their business with a new merger, and by ringing the opening bell for Nasdaq.Â
Last week, Faraday completed its merger with Property Solutions Acquisition Corp. (PSAC), a special purpose acquisition company. This resulted in the renaming of the company as Faraday Future Intelligent Electric Inc., with its stock and warrants to start trading under the FFIE and FFIEW ticker symbols respectively.Â
âToday is a new chapter in FFâs history, and we are thrilled to be a public company with industry leading technology, unrivaled new products, and a world class experienced team to drive the success of FF for years to come,â said Dr. Carsten Breitfeld, FFâs Global CEO. âWe want to thank the stockholders of PSAC and PIPE investors for their support, reaching this milestone is a testament to the trust and confidence that such stockholders and investors have placed in our lea
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It s been a topic of conversation for quite some time and the big day will supposedly happen this coming week. Lucid Motors has announced that the Special Purpose Acquisition Company (SPAC) merger between it and Churchill Capital Corp IV has been approved by stockholders.
Beginning sometime this week, Lucid Motors will begin trading on the NASDAQ under the ticker symbol LCID. The EV automaker start-up announced last February its plans to go public sometime in the second half of this year. It s remained true to its word. The deal is expected to give Lucid a cash injection of about $4.4 billion. The money will be invested to expand its Arizona factory so that the Lucid Air luxury sedan can finally come to market. The Lucid Gravity SUV could debut sometime in 2022.
Lucid Motors goes public, collects $4 5 billion
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