Property Solutions Acquisition Corp. (OTCMKTS:PSACU – Get Free Report) shares rose 0.5% on Wednesday. The stock traded as high as $17.42 and last traded at $17.08. 1,800 shares were traded during mid-day trading, a decline of 93% from the average daily volume of 25,250 shares. The stock had previously closed at $16.99.
Property Solutions Acquisition Stock Performance
The firm has a 50-day moving average of $17.08 and a two-hundred day moving average of $17.08.
Property Solutions Acquisition Company Profile
Property Solutions Acquisition Corp. was a special purpose acquisition company (SPAC) formed to identify and complete a business combination with an operating company. As a blank-check company, it did not conduct substantial commercial operations or offer products and services of its own before completing a transaction.
The company entered into an agreement to combine with Faraday Future, an electric vehicle and mobility technology company. The transaction was completed in 2021, after which Faraday Future became a publicly traded company under the name Faraday Future Intelligent Electric Inc Faraday Future develops electric vehicles and related mobility technologies intended for markets in the United States and internationally.
Property Solutions Acquisition Corp.
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