Faraday Future Names Global Post-closing Board of Directors Following the Recent Signing of Its Merger Agreement With Property Solutions Acquisition Corp (PSAC)

LOS ANGELES--(BUSINESS WIRE)--Faraday Future (“FF”), a California-headquartered global shared intelligent mobility ecosystem company, announced today that a newly comprised nine-member Board of Directors will be appointed for FF upon the finalization of the business combination between FF and Property Solutions Acquisition Corp. (“PSAC”) (NASDAQ: PSAC). The transaction is expected to close in Q2 of 2021, with FF’s stock trading on the Nasdaq under the ticker symbol “FFIE.” This transaction validates FF’s vision to create a mobility ecosystem built upon innovations in technology and products. FF’s flagship electric vehicle (“EV”) – FF 91 – is planned to be launched within 12 months of the closing of the merger.