Key facts
- This page summarizes FF Global Partners Investment LLC's Form 3 filing for FARADAY FUTURE INTELLIGENT ELECTRIC INC. (FFAI).
- 0 reported transactions and 0 derivative rows are listed below.
- Accepted by SEC: 02 Aug 2021, 17:22.
FF Global Partners Investment LLC - 21 Jul 2021 Form 3 Insider Report for FARADAY FUTURE INTELLIGENT ELECTRIC INC. (FFAI)
- Reporting relationship
- 10%+ Owner
- Issuer ticker
- FFAI
- Reported as of
- 21 Jul 2021
- Net transaction value
- $0
- Reporting owner signature
- FF Top Holding LLC, By: Pacific Technology Holding LLC, its Managing Member, By: FF Global Partners LLC, its Managing Member /s/ Nan Yang, Secretary
Source evidence
Original filing metadata and source links for verification.
3 source fields
Reporting owner
1 detail
Key filing fact
FF Global Partners Investment LLC filed Form 3 for FARADAY FUTURE INTELLIGENT ELECTRIC INC. (FFAI) on 02 Aug 2021.
Change
- No earlier filing in this sequence is available for direct comparison.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Official SEC source
View source filing
Ownership activity is grounded in SEC Form 3 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
FFIE
holding
Class B common stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 64,000,588
- Date
- 21 Jul 2021
- Ownership
- Direct
- Footnotes
- F1, F2
FFIE
holding
Class A common stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 57,438,376
- Date
- 21 Jul 2021
- Ownership
- See footnote
- Footnotes
- F1, F3
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 3 footnotes
Footnote F1
On July 21, 2021, pursuant to that Agreement and Plan of Merger, dated as of January 27, 2021, as amended, by and among the Issuer (f/k/a Property Solutions Acquisition Corp.), PSAC Merger Sub Ltd. ("Merger Sub"), and FF Intelligent Mobility Global Holdings Ltd. ("FF"), Merger Sub merged with and into FF, with FF continuing as the surviving company and a wholly-owned subsidiary of the Issuer (the "Merger"). Upon consummation of the Merger, each issued and outstanding share of FF was automatically cancelled and converted into shares of new Class A common stock (or, in the case of FF Top Holding LLC ("FF Top"), shares of new Class B common stock) of the Issuer (the "Effective Time"). The shares reported in this Form 3 represent merger consideration acquired at the Effective Time.
Footnote F2
FF Top is indirectly controlled by Pacific Technology Holding LLC ("Pacific Tech"), the managing member of which is FF Global Partners LLC ("FF Global"). FF Global is governed by a board of managers, currently consisting of eight managers. A majority of the board of managers of FF Global (excluding Dr. Carsten Breitfeld, who does not yet have voting rights because he has not met the tenure eligibility requirement and once he satisfies the tenure requirement, subject to election, he will become a voting manager) is required to approve any actions of FF Global, including actions relating to the voting and disposition of shares of the Issuer held by FF Top. Each of Pacific Tech and FF Global may be deemed to have voting and dispositive power over the shares of Class B common stock held by FF Top and each of Pacific Tech and FF Global disclaim beneficial ownership of the shares of Class B common stock held by FF Top except to the extent of their respective pecuniary interest therein.
Footnote F3
FF Top exercises voting power over shares of Class A common stock held of record by other stockholders of the Issuer pursuant to voting agreements (the "Shares Subject to Voting Agreements"). Accordingly, each of Pacific Tech and FF Global may be deemed to have voting power over the Shares Subject to Voting Agreements and each of Pacific Tech and FF Global disclaim beneficial ownership of the Shares Subject to Voting Agreements.