DETROIT — Electric powered auto startup Faraday Foreseeable future aims to near a deal before long to go community via a reverse merger with a unique-buy acquisition firm (SPAC), its chief government said on Monday.
“We are operating on this sort of a deal … and will be ready to announce a thing ideally pretty before long,” Carsten Breitfeld said.
Breitfeld declined to say who Faraday is negotiating with or when a deal would near.
A SPAC is a shell firm that raises funds via an original community supplying to purchase an running entity, normally inside of two years.
SPACs