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Wednesday, July 21, 2021

Equity Corporate Actions Alert #2021 - 142
Information Regarding the Business Combination of Property Solutions Acquisition Corp. (PSAC/W/U) and Faraday Future

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The business combination of Property Solutions Acquisition Corp. (PSAC/W/U) and Faraday Future became effective today, Wednesday, July 21, 2021. Following the completion of the business combination, the company's Common stock (PSAC) and Warrant (PSACW) will undergo a corporate name change to Faraday Future Intelligent Electric Inc. along with a symbol, and CUSIP number change. In conjunction with the change of name, the new issues will list on the Global Market. The unit (PSACU) will be suspended from trading. These actions will become effective on Thursday, July 22, 2021.

The details of the name, symbol, & CUSIP changes are follows:

Current Company Name & Issue Type: Property Solutions Acquisition Corp. Common Stock
New Company Name & Issue Type: Faraday Future Intelligent Electric Inc. Common Stock
Current CUSIP: 74348Q108
New CUSIP: 307359109
Current Symbol: PSAC
New Symbol: FFIE
Marketplace Effective Date: Thursday, July 22, 2021

Current Company Name & Issue Type: Property Solutions Acquisition Corp. Warrant
New Company Name & Issue Type: Faraday Future Intelligent Electric Inc. expiring 7/21/2026
Current CUSIP: 74348Q116
New CUSIP: 307359117
Current Symbol: PSACW
New Symbol: FFIEW
Marketplace Effective Date: Thursday, July 22, 2021

If you would like to register as a market maker in FFIE or FFIEW, contact Nasdaq Trading Services at +1 212 231 5100.

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