Lowenstein partner Jeffrey D. Prol rang the opening bell on the Nasdaq stock exchange this morning, along with five other external partners of Faraday Future (Nasdaq: FFIE), to celebrate the closing of FFIE’s merger with Property Solutions Acquisition Corporation, a publicly traded special purpose acquisition company (SPAC). Following the merger, FFIE will be traded on the Nasdaq.
Prol is the trustee of the Founding Future Creditors Trust, a significant shareholder in FFIE. Lowenstein partners Andrew Behlmann and Michael A. Kaplan represent the Trust and were actively involved in the SPAC merger process.
FFIE is a California-based, global shared intelligent mobility ecosystem company that designs and engineers next-generation smart electric connected vehicles. Established in May 2014, the company is headquartered in Los Angeles along with its R&D Center and Futurist Testing Lab and has offices in Silicon Valley, Beijing, Shanghai, and Chengdu and a pop-up retail store in New York City. FFIE's vision is to create a shared intelligent mobility ecosystem that empowers everyone to move, connect, breathe, and live freely.
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Lowenstein Sandler is a national law firm with over 350 lawyers based in New York, Palo Alto, New Jersey, Utah, and Washington, D.C. The firm represents leaders in virtually every sector of the global economy, with particular emphasis on investment funds, life sciences, and technology. Recognized for its entrepreneurial spirit and high standard of client service, the firm is committed to the interests of its clients, colleagues, and communities.