Every dollar amount and date on this page is quoted from the official settlement document.
Faraday
Court case: Faraday Securities Litigation
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.
Official eligibility wordingPersons 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. Checked against the official settlement source by SettleSignal on June 17, 2026.
Key facts
- Who may qualify You may 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.
- 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
- Claim deadlineFebruary 12, 2024 (closed)
- What you needYou'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.
Important dates
How hard is this claim to file?
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.
Verify it yourself
How we verified this record
- Claim deadline
- Payout details
- Eligibility
- Payment status
- 4 fields queued for re-check
2 official sources linked to this record.
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Claim deadline
February 12, 2024
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Eligibility summary Quoted in the official eligibility wording above ↑
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Payment status
Distribution complete
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
Show all 5 more verified fields
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Objection deadline
February 26, 2024
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Opt-out deadline
February 26, 2024
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Class period start
January 28, 2021
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Class period end
April 14, 2022
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Case name
Faraday Securities Litigation
Where to act
