AIxCrypto Enters Into A Non-Binding Term Sheet With Faraday Future Intelligent Electric For A Proposed All-Stock Acquisition Of FFAI's Robotics Assets And Businesses And A Major Strategic Transformation; AIxC Will Be Renamed FF EAI Robotics Ecosystem, With Its Ticker Changing To FFR, Effective September 30, 2026; Under The Non-Binding Term Sheet, AIxC Would Acquire FFAI's Robotics Business For Around $200M In Stock

" Now both the Board of FFAI and AIxC have approved the Term Sheet. AIxCrypto Holdings, Inc. will be renamed FF EAI Robotics Ecosystem Inc. and change its NASDAQ symbol to FFR, effective September 30, 2026.

Through this proposed acquisition, AIxC will discontinue its crypto strategy entirely and transform into a pure-play Robotics Ecosystem Company, accelerate achievement of its five-year goal to maintain a Top 3 comprehensive ranking in the EAI robotics ecosystem market. Under the non-binding term sheet, AIxC would acquire FFAI's robotics business for around $200 million in stock. 246 or the five-day average closing price prior to signing. 246, AIxC's pre-closing equity value would be approximately $55 million on a fully diluted basis, shown for illustrative purposes only.

246, AIxC would declare a one-time special stock dividend to holders of record prior to closing. The dividend would be payable only on closing and remains subject to tax analysis. The transaction is subject to diligence, definitive agreements, and approval of the Company's special committee. In less than one year, FFAI's EAI robotics business has achieved significant progress, exceeding initial expectations.

0. FFAI has launched 24 products across three robot forms, all of which have received FCC certification, with user deliveries underway. The Company's "Four-Core Full-Stack AI" Ecosystem is beginning to take shape. By the end of August, cumulative EAI Device sales and shipments reached 552 units.

52 million. Under preliminary projections prepared by FFAI management for the FF EAI Robotics business on a standalone basis, the business is projected to reach positive operating cash flow in the third quarter of 2028. 98 billion and growing cumulative EAI Device sales exceeding 130,000 units. They also contemplate a shift in revenue mix from EAI Device sales toward the EAI Brain and Developer Platform, Industry Productivity Solutions, the EAI Data Factory and related services, with ecosystem revenue expected to become a materially larger share.

AIxC has not adopted these projections as Company guidance. If the transaction is completed, FF EAI Robotics would become a wholly owned subsidiary of AIxC, and its operating performance, capital requirements and uses of capital would be reported within AIxC's financial statements, subject to the deal closing. S. GAAP, with such consolidation expected to be reflected beginning with FFAI's fiscal year 2026 Form 10-K, around the time of closing.

The Company will advance definitive agreements, financing, and transaction closing in an orderly manner.