Property Solutions Acquisition Corp. (NASDAQ: PSAC) stock declined by 2.77% at last close whereas the PSAC stock rises by 2.52% during the pre-market trading. PSAC is a cash-only business. Through a merger, capital stock exchange, asset acquisition, stock purchase, and restructuring, PSAC hopes to purchase one or more firms and assets. Customers in the state of New York are served by Property Solutions Acquisition.
What is happening?
As FF prepares to combine with Property Solutions Acquisition Corp. a specific purpose acquisition company, the FF Futurist Experience debuts. The previously reported merger agreement would result in the merged firm listing on the Nasdaq Stock Market under the new ticker symbol “FFIE” in the second quarter of 2021.
Faraday Future unveiled the inauguration of the FF Futurist Experience, situated at 5 East 59th Street in New York, NY, on May 24, 2021. The public may now see and feel the class-defining ultimate-intelligent tech-luxury electric FF 91 for the very first time in New York City.
The FF Futurist Experience in NYC showcases the FF 91 Futurist EV and provides an interactive exhibition of FF’s revolutionary breakthrough technology while also conveying FF’s distinct perspective of the future of linked mobility. The interactive display will also highlight the design, comfort characteristics, and performance capabilities of the flagship FF 91. The FF Futurist Experience incorporates FF’s basic principles and the merging of nature and technology, while also taking guests on a journey through the brand’s unique story.
The FF 91 is the FF’s flagship vehicle, with 1,050 horsepower, a 0-60 mph time of less than 2.4 seconds, NASA-inspired Zero Gravity rear seats with 60-degree reclining angles, and an unique user interface meant to create a mobile, connected, and luxury third internet living room.
This recent development in FF after they announced their merger with PSAC has definitely caused the investors to buy PSAC stock. Since any change that occurs in one company certainly influences the investors of the other as well due to their merger.
Dr. Carsten Breitfeld, Global CEO of FF stated,
The FF 91 is a class-defining high-performance luxury electric car that sets a new standard for driver and passenger enjoyment. FF is thrilled to be able to display their vehicles in this unique interactive experience in New York City, which is an important market not just for EVs but also for premium automobiles in general.