Faraday Future merger promises to raise $1B to make electric cars in Hanford
Kings residents have heard the promises before â to make electric cars at the old Pirelli tire plant in Hanford to sell worldwide.
The start-up company, LA-based Faraday Future (FF) has had less than a stellar record to date.But now may just be their time.Â
They have leased the sprawling Hanford facility since 2017. The company prototype car FF91 made a big splash at an automotive show in 2016 where it was compared favorably to Tesla s performance. But it has been downhill since with staff hired then fired and the founder going bankrupt.
WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of
Andina Acquisition Corp. III (NASDAQ: ANDA) in connection with the company s proposed merger with Stryve Foods LLC ( Stryve ). Under the terms of the merger agreement, ANDA will acquire Stryve through a reverse merger that will result in Stryve becoming a public company traded on the NASDAQ. If you own ANDA shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website: https://www.weisslawllp.com/anda/
Hudson Executive Investment Corp.
Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment, technology, video and pictures.
88 Biggest Movers From Friday Benzinga 2/1/2021
Gainers
Siebert Financial Corp. (NASDAQ: SIEB) shares climbed 121.6% to close at $8.22 on Friday on heavy volume.
Catabasis Pharmaceuticals, Inc. (NASDAQ: CATB) climbed 70.8% to close at $4.15 after the company announced the acquisition of Quellis Biosciences.
GameStop Corp. (NYSE: GME) shares added 67.9% to close at $325.00 after Robinhood said it would allow some buying of the stocks on Friday after sparking outrage over discontinuing purchases of GME, AMC, and high stocks seeing social media interest. The company’s stock dropped over 44% on Thursday.
Novavax, Inc. (NASDAQ: NVAX) surged 64.9% to close at $220.94 after the company said Thursday that its COVID-19 vaccine candidate NVX-COV2373 showed 89.3% efficacy in Phase 3 trials conducted in the United Kingdom.
socaltech.com
Los Angeles-based electric vehicle manufacturer
Faraday Future said last week that it has linked a deal with China s largest privately owned automotive group,
Zhejian Geely Holdings Group. According to the two, Geely Holdings Group will become a minority investor in Faraday Future, as part of Faraday s merge with Property Solutions Acquisition Corp. (P
The story you have requested is only available to paid members of the socalTECH.com web site. Premium articles are restricted to paid members only. Please
login in order to access this members-only content, or