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EV maker Faraday Future to start trading as early as Wednesday

Economy, Finance

Electric-car maker Faraday Future said shareholders approved its merger with blank-check company Property Solutions Acquisition Corp. in a special meeting Tuesday. Faraday said it expects to receive about $1 billion in gross proceeds at the time of the business combination, and change its name to Faraday Future Intelligent Electric Inc. The stock is expected to trade on the Nasdaq as early as Wednesday under the symbol “FFIE,” the company said. The EV maker announced the deal in January.

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