Electric Car Maker Faraday Future Plans to Go Public and Raise $1 Billion USD

Following in similar footsteps as Lucid Motors, electric vehicle maker Faraday Future has now also announced its plans to go public via a merger with special purpose acquisition corporation Property Solutions.As part of the merger, the automaker will also raise $1 billion USD in funds. $230 million USD will come from Property Solutions itself, while the remaining $775 million USD will depend on a new round of funding which will include "leading institutional shareholders from the U.S. and Europe...