Faraday
If you bought Faraday Future securities during the SPAC merger window or voted as a PSAC shareholder in mid-2021, there's a $7.5 million settlement fund with your name potentially on it. Filing takes a few minutes online.
$0.07 per damaged share before fees and expenses, approximately $0.04 per damaged share after deductions; $7.5 million total settlement fund
The total fund is $7.5 million. Your cut comes out to $0.07 per damaged share before fees and expenses, or approximately $0.04 per damaged share after deductions — the exact amount depends on how many valid claims are filed.
Official site: faradaysettlement.com
Who may qualify
You qualify if you purchased or received Faraday Future Intelligent Electric Inc. securities between January 28, 2021 and April 14, 2022 — or if you owned PSAC Class A common stock as of June 21, 2021 and were eligible to vote at the July 20, 2021 special meeting.
Official eligibility wording
Persons who purchased or otherwise acquired Faraday Future Intelligent Electric Inc. securities between January 28, 2021 and April 14, 2022, or who beneficially owned PSAC Class A common stock as of June 21, 2021 and were eligible to vote at the July 20, 2021 special meeting.
This summary is based on available official settlement sources. The settlement administrator determines eligibility and payment approval.
New to the terms? Plain-English: claim deadline, proof of purchase, administrator, pro rata.
Important dates
- Claim deadline
- February 12, 2024 (closed)
- Exclusion deadline
- February 26, 2024 (passed)
- Objection deadline
- February 26, 2024 (passed)
Proof requirements
Proof requirement is currently marked as Unknown.
Review the official claim form before submitting any information.
What you need
You'll need to provide documentation of your share purchases or ownership — pull your brokerage statements covering the January 2021–April 2022 window or your PSAC holdings as of June 21, 2021.
How to file this claim
- Go to faradaysettlement.com to check current case status and any posted distribution timeline.
- If you submitted a claim before the deadline, contact the claims administrator Strategic Claims Services at 866.274.4004 or info@strategicclaims.net to confirm your claim was received and ask about distribution timing.
- If you believe you missed the deadline in error, contact Co-Lead Counsel at Pomerantz LLP — Austin Van, avan@pomlaw.com, (212) 661-1100 — to ask whether any late-claim relief is available.
- Retain any claim confirmation number or submission receipt from the administrator until your payment arrives.
Watch out for
- The notice explicitly states 'The claims filing deadline for this case has passed' — filing a new claim now almost certainly will not be accepted.
- Recovery per damaged share is modest before and after fees — don't expect a large check even if your claim was timely.
- Only use the official site faradaysettlement.com — lookalike phishing domains are common in securities settlements.
- PSAC Class A stockholders who held as of June 21, 2021 form a separate sub-class from open-market purchasers — confirm which category applied to you if checking your claim status.
We prepare — you file on the official site yourself. This is not legal advice and is not an eligibility decision; the administrator and court decide.
How do I file a claim for this settlement?
This record no longer has an open public claim form — confirm the current status and any next steps on the official source.
- Confirm you are within the eligible group described in the official notice — the settlement administrator determines eligibility.
- Gather any documents the official form asks for — this settlement marks proof as Unknown.
- Open the official claim form or settlement website.
- Submit accurate information through the official settlement administrator or government source before February 12, 2024.
- Save your confirmation number if one is provided, then watch the payment status for distribution updates.
New to settlement claims? How to file safely →
Worried it might be fake? Run the 60-second legitimacy check →
How we verified this record
- Claim deadline the official settlement website · Jun 17, 2026
- Payout details the official settlement website · Jun 17, 2026
- Eligibility the official settlement website · Jun 17, 2026
- Payment status the official settlement website · Jun 17, 2026
- Proof requirement queued for re-check
- Administrator queued for re-check
- Official claim link queued for re-check
- Court case queued for re-check
Every published record clears our source-verification bar; remaining fields are checked one by one on our weekly re-verification pass.
Checked fields are matched against a named official source and re-checked on a schedule. We show the authority and the date, never our internal evidence link.
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Claim deadline
February 12, 2024
Verified Jun 17, 2026 · against the official settlement website
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Eligibility summary
Persons who purchased or otherwise acquired Faraday Future Intelligent Electric Inc. securities between January 28, 2021 and April 14, 2022, or who beneficially owned PSAC Class A common stock as of June 21, 2021 and were eligible to vote at the July 20, 2021 special meeting.
Verified Jun 17, 2026 · against the official settlement website
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Payment status
Distribution complete
Verified Jun 17, 2026 · against the official settlement website
The claims filing deadline for this case has passed.
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Estimated payout
$0.07 per damaged share before fees and expenses, approximately $0.04 per damaged share after deductions; $7.5 million total settlement fund
Verified Jun 17, 2026 · against the official settlement website
Show all 5 more verified fields
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Objection deadline
February 26, 2024
Verified Jun 17, 2026 · against the official settlement website
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Opt-out deadline
February 26, 2024
Verified Jun 17, 2026 · against the official settlement website
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Class period start
January 28, 2021
Verified Jun 17, 2026 · against the official settlement website
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Class period end
April 14, 2022
Verified Jun 17, 2026 · against the official settlement website
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Case name
Faraday Securities Litigation
Verified Jun 17, 2026 · against the official settlement website
Common questions
Is the Faraday settlement legitimate?
Yes — the Faraday settlement is a real claims process that SettleSignal tracks from its official source. File only through the official settlement website (www.faradaysettlement.com); a genuine settlement administrator never charges a fee to file. SettleSignal last checked this record against the official source on June 17, 2026. Always confirm the current details on the official site before filing.
Who may qualify for this settlement?
Persons who purchased or otherwise acquired Faraday Future Intelligent Electric Inc. securities between January 28, 2021 and April 14, 2022, or who beneficially owned PSAC Class A common stock as of June 21, 2021 and were eligible to vote at the July 20, 2021 special meeting.
What is the claim deadline?
The claim deadline is February 12, 2024. Confirm the current deadline on the official settlement source before filing.
Do I need proof to claim?
Proof requirement: Unknown. The settlement administrator determines what documentation, if any, is required.
What is the current payment status?
Current payment status: Distribution complete. Payments are issued by the administrator after the court process concludes.
When will Faraday pay out?
Current payment status: Distribution complete. Class-action payouts typically begin only after final approval and any appeals. See our payout timeline guide.
Where is the official Faraday claim form?
The official claim form is hosted by the settlement administrator. Use the 'Open official claim form' button on this page — never pay a fee to file.
Who can file a claim?
Anyone who bought Faraday Future (FFIE) securities between January 28, 2021 and April 14, 2022, or who owned PSAC Class A shares as of June 21, 2021 and was eligible to vote at the July 20, 2021 special meeting.
How much will I get?
The settlement pays $0.07 per damaged share before fees and expenses, or approximately $0.04 per damaged share after deductions, out of a $7.5 million total fund. The exact amount per claimant depends on how many eligible claims are submitted.
Do I need to provide proof?
Yes — pull your brokerage statements or trade confirmations showing your FFIE or PSAC share transactions during the covered period. Having those ready will make the online claim form straightforward.
Where do I file?
File online at faradaysettlement.com. The claim deadline was February 12, 2024, so check the site for current status on whether late claims are still being accepted.
Where to act
When you are ready, you open the official claim form yourself. SettleSignal does not file claims or determine eligibility.
The claim deadline (Feb 12, 2024) has passed — this settlement is closed to new claims. Listed for reference.
Listed on the official settlement website.
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Disclaimer
This service summarizes publicly available settlement information and links to official settlement sources. We are not a law firm, do not provide legal advice, do not submit claims on your behalf, and do not determine eligibility or payout approval. Only file a claim if the information you provide is accurate.
Change log
- June 18, 2026 — Settlement published after verification.
- June 17, 2026 — Verified field details updated from an official source.