Faraday Future Intelligent Electric is a blank check company formed for the purpose of entering into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more target businesses. Co.'s target companies will range from real estate service companies (property management companies, real estate service providers, mortgage brokerage companies, real estate investments sales companies and title agencies) to PropTech companies (software, hardware, products, operations or services).