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<blockquote data-quote="Weather Man" data-source="post: 16501393" data-attributes="member: 137766"><p>The EV market is full of companies I have never heard of before.</p><p></p><p><span style="font-size: 22px"><strong>Faraday Future the latest EV player to aim for SPAC merger</strong></span></p><p>Oct. 6, 2020 7:00 AM ET|About: <a href="https://seekingalpha.com/symbol/SPAQ" target="_blank">Spartan Energy Acquisitio... (SPAQ)</a>|By: <a href="https://seekingalpha.com/author/sa-editor-clark-schultz" target="_blank">Clark Schultz</a>, SA News Editor </p><p></p><p></p><p>Electric vehicle startup Faraday Future says it is working on a <a href="https://www.reuters.com/article/us-faraday-m-a-spac-idUSKBN26Q36M" target="_blank">deal</a> soon to go public through a reverse merger with a special purchase acquisition company.</p><p></p><p>CEO Carsten Breitfeld didn't specify who the company is talking with on a potential SPAC in comments to Reuters.</p><p></p><p>Faraday aims to deliver its first electric luxury SUV nine months after securing funding and begin volume production 12 months after striking a deal.</p><p></p><p>The SPAC lane in the EV market is getting crowded with Fisker (NYSE:<a href="https://seekingalpha.com/symbol/SPAQ" target="_blank">SPAQ</a>), Canoo (<a href="https://seekingalpha.com/symbol/CNOO" target="_blank">CNOO</a>), Nikola (NASDAQ:<a href="https://seekingalpha.com/symbol/NKLA" target="_blank">NKLA</a>) and Lordstown Motors (<a href="https://seekingalpha.com/symbol/RIDE" target="_blank">RIDE</a>) all choosing the path.</p></blockquote><p></p>
[QUOTE="Weather Man, post: 16501393, member: 137766"] The EV market is full of companies I have never heard of before. [size=6][b]Faraday Future the latest EV player to aim for SPAC merger[/b][/size] Oct. 6, 2020 7:00 AM ET|About: [URL='https://seekingalpha.com/symbol/SPAQ']Spartan Energy Acquisitio... (SPAQ)[/URL]|By: [URL='https://seekingalpha.com/author/sa-editor-clark-schultz']Clark Schultz[/URL], SA News Editor Electric vehicle startup Faraday Future says it is working on a [URL='https://www.reuters.com/article/us-faraday-m-a-spac-idUSKBN26Q36M']deal[/URL] soon to go public through a reverse merger with a special purchase acquisition company. CEO Carsten Breitfeld didn't specify who the company is talking with on a potential SPAC in comments to Reuters. Faraday aims to deliver its first electric luxury SUV nine months after securing funding and begin volume production 12 months after striking a deal. The SPAC lane in the EV market is getting crowded with Fisker (NYSE:[URL='https://seekingalpha.com/symbol/SPAQ']SPAQ[/URL]), Canoo ([URL='https://seekingalpha.com/symbol/CNOO']CNOO[/URL]), Nikola (NASDAQ:[URL='https://seekingalpha.com/symbol/NKLA']NKLA[/URL]) and Lordstown Motors ([URL='https://seekingalpha.com/symbol/RIDE']RIDE[/URL]) all choosing the path. [/QUOTE]
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