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  • Faraday Future Looking To Go Public Through SPAC Merger

    Faraday Future Looking To Go Public Through SPAC Merger

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    EV startup Faraday Future is seeking to go public via a reverse osmosis with a special-purchase acquisition company (SPAC), in line with its CEO, Carsten Breitfeld. A SPAC functions as a shell company that raises money via an IPO (initial public offering) to buy an operating entity, normally within a couple of years. This is…