Conyers advised electric vehicle company, Faraday Future (“FF”), on its recent merger with Property Solutions Acquisition Corp., a special purpose acquisition company. The combined company, Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE), raised approximately US$1 billion in gross proceeds and listed its common stock and warrants on NASDAQ on 22 July 2021.
The transaction proceeds are expected to fully finance the launch of the class defining FF 91 into the market within 12 months after closing, building upon FF’s vision to help its users and stockholders take part in shaping the future of mobility.
Established in May 2014, FF is a global shared intelligent mobility ecosystem headquartered in Los Angeles California. FF also has offices in Silicon Valley, Beijing, Chengdu and Shanghai.
Partner Christopher Bickley, Counsel Christopher Page and Associate Charissa Ball of Conyers’ Hong Kong office advised on the matter working alongside Sidley Austin.