Why EV startups should’ve hit the brakes before merging with a SPAC – TechCrunch
The blank-check boom that made real many electric vehicle manufacturers’ dreams of going public may be nearing a close. One such company, Faraday Future, is even in danger of being delisted, according to a filing with the U.S. Securities and Exchange Commission last week. Faraday Future, Lordstown Motors, Lucid Motors, Nikola, and Canoo — nearly…