Faraday Future to combine robotics business with AIxC for standalone listing

For best results when printing this announcement, please click on link below: Faraday Future Unveils More Execution Plans for “Built In USA” Acceleration Program and Initiates the Conditional Approval Application, Will Roll out New Robot Product in Q1 2027; FF Robotics Business to Combine with AIxC (FFR) for Standalone Listing FF held Its FF EAI “Built in USA” Upstream & Downstream Business Partner Conference Part two Upstream Partner Session & Industry Ecosystem Co-Creation Session at its headquarters and the International Conference on Intelligent Robots and Systems (IROS) in Pittsburgh, PA, featuring insights from ten partners from around the world, including MetaSense Technology USA, ENCOS, and NexCOBOT, who shared their perspectives on the EAI robotics industry and FF’s “Built in USA” initiative.

FF announces further execution plans for phase two of the “Built in USA” acceleration program, accelerating the rollout of the Next Futurist and Next Aegis series, initiating the conditional approval application process, and advancing supply chain, compliance certification, and manufacturing capacity development, with the robot factory targeted to begin operations by year-end and the first new EAI robot product targeted to roll off the production line in Q1 2027. EAI Robotics “Made in USA” Industry Alliance officially opens for membership, bringing together technology, manufacturing, supply chain, commercialization, research, government and capital partners.

FFAI has signed a term sheet with Nasdaq-listed AIxC, which currently trades under the ticker AIXC. Under the proposed transaction, we would bring 100% of FF’s robotics company into AIxC. The proposed valuation is approximately $200 million, and FFAI would receive AIxC shares in exchange. , and its ticker will change to FFR.

246 or the five-day average closing price prior to signing. 246, FFR’s pre-closing equity. The value would be approximately $55 million on a fully diluted basis, shown for illustrative purposes only. 246, FFR would declare a one-time special stock dividend to holders of record prior to closing, payable only upon closing and subject to tax analysis.

Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) (“Faraday Future”, “FF” or the “Company”), a California-based global Embodied AI (EAI) ecosystem company, today announced a series of major strategic developments during Part Two of its FF EAI “Built in USA” Upstream & Downstream Business Partner Conference, Upstream Partner Session & Industry Ecosystem Co-Creation Session. This press release features multimedia.

View the full release here: Faraday Future Unveils More Execution Plans for “Built In USA” Acceleration Program and Initiates the Conditional Approval Application, Will Roll out New Robot Product in Q1 2027; FF Robotics Business to Combine with AIxC (FFR) for Standalone Listing The announcements include the proposed strategic combination of FF’s EAI robotics business with Nasdaq-listed AIxC, whose controlling stockholder is FFAI, which currently trades under the ticker AIXC, FFAI’s planned strategic upgrade, execution plans for Phase Two of FF’s “Built in USA” Acceleration Program, and the official opening of the EAI Robotics “Made in USA” Industry Alliance.

The conference is being held in conjunction with IROS 2026 in Pittsburgh, Pennsylvania, where FF is participating from September 28-30. S. manufacturing and shared intelligent mobility. Proposed AIxC Combination Could Establish a Dedicated Public Platform for FF’s EAI Robotics Business On September 28, AIxC announced that it had signed a non-binding term sheet with FFAI for a proposed all-stock acquisition of FFAI’s robotics business at a proposed valuation of approximately $200 million.

Both the FFAI and AIxC special committees and boards have approved the term sheet. Under the proposed transaction, AIxC would acquire the FF EAI robotics business from FFAI in exchange for AIxC stock. The transaction remains subject to due diligence, definitive transaction documents, applicable approvals and other conditions. The term sheet filed with the SEC expressly states that it is non-binding except for specified provisions and contemplates an internal restructuring through which the robotics-related assets, intellectual property, data, contracts, employees and liabilities would be contributed into the entity to be acquired by AIxC.

, and its Nasdaq ticker is will change from AIXC to FFR, effective September 30, 2026. Upon completion of the proposed acquisition, AIxC plans to discontinue its crypto strategy and transition into a pure-play robotics ecosystem company centered on FF’s “Four-Core Full-Stack AI” model. FF believes the transaction could give its robotics business a dedicated public-market platform, greater operational and financing independence and a clearer mechanism through which investors can evaluate the business on its own operating fundamentals and long-term potential.

FFAI expects to remain the single largest and controlling stockholder of FFR following completion of the transaction, allowing FFAI to continue participating in the potential future value of the robotics business. Rationale behind the $200 million valuation of FF EAI Robotics FFAI and FFR believe that the approximately $200 million market-based valuation reflects the established product, delivery, and commercialization foundation of the FFAI Robotics business, as well as the significant value and long-term growth potential of its “Four-Core Full-Stack AI” ecosystem.

In less than one year, the business has launched 24 products across three robot forms, five product series and 11 models, all of which have received FCC certification and achieved commercial deliveries of humanoid and biomimetic robotic products. As of the end of August, cumulative shipments reached 552 units. 52 million. FFR targets positive quarterly operating cash flow in the third quarter of 2028 and aims to maintain a Top 3 comprehensive ranking among EAI robotics ecosystem companies over the next five years.

98 billion over five years. Cumulative EAI Device sales are targeted to exceed 130,000 units over the five-year period. S. Production in Q1 2027 FF EAI Robotics is now advancing Phase Two of its “Built in USA” Acceleration Program, building on the three-phase roadmap introduced at Part One of the Company’s business partner conference on August 26.

S. capabilities in R&D, supply-chain integration, compliance, certification, manufacturing, testing, delivery and services. -based supply-chain and manufacturing capabilities. S.

regulatory and compliance requirements. S. localization. FF also announced its participation in the FCC’s public-comment process.

-based assembly, sourcing and manufacturing. S. production line, a target the Company publicly announced earlier this month as part of its continuing “Built in USA” strategy. The Company intends to leverage existing manufacturing, supply-chain management, testing, validation and quality-control resources while adapting flexible production lines for final assembly and end-of-line testing of humanoid and quadruped robots.

Over the longer term, FF plans to establish flexible production capabilities capable of supporting multiple EAI Device models on shared manufacturing lines. For FF, “Built in USA” is intended to be more than final assembly. S. participation across product development, core components, supply chain, compliance, production, testing and delivery while working toward applicable federal sourcing and procurement requirements.

FF EAI Robotics “Made in USA” Industry Alliance Officially Opens for Membership As part of the conference, FF is also officially opening its EAI Robotics “Made in USA” Industry Alliance to new members. FF originally introduced the Global Industry Alliance initiative during Part One of its “Built in USA, Benefit the World” event on August 26, alongside the three-phase roadmap for its EAI robotics acceleration program. The alliance is centered around three ideas: Global Innovation. S.

Platform. Ecosystem Synergy. FF intends to bring together partners from around the world across robotics, AI, semiconductors, core components, manufacturing, supply chains, research, real-world applications and capital, using the United States as an important platform for innovation, R&D, advanced manufacturing and commercialization.

The alliance is being opened to four broad partner groups: Technology and product partners, spanning EAI Devices, components, EAI Brain technologies, developer tools, Industry Productivity Solutions and data; Manufacturing and supply-chain partners, including factories, manufacturing equipment and processes, testing, quality, certification and component suppliers; Commercialization and application partners, including industry customers, system integrators, channel partners, operators, asset owners and rental-service providers; and Government, research, capital, and long-term strategic partners. S.

localization, and with industry partners by identifying real-world tasks around which deployable Industry Productivity Solutions can be developed. Ten global partners were invited to participate in Part Two of the conference and shared their perspectives on the EAI robotics industry and FF’s “Built in USA” initiative. FFAI Plans Strategic Upgrade Around Physical AI and Shared Intelligent Mobility The proposed restructuring also creates a pathway for FFAI itself to evolve. FFAI plans to develop into a Physical AI investment, incubation and holding company, while expanding its automotive and mobility strategy into shared intelligent mobility and EAI cabin opportunities.

The Company plans to explore three principal areas: 1. Robotaxi sharing network and shared-mobility operations, including potential connectivity with third-party Robotaxi networks; 2. EAI cabin commercialization, with the goal of bringing FF’s intelligent-cabin capabilities to other intelligent vehicles and future Robotaxis; and 3. Connecting FF vehicles with Robotaxi and shared-mobility networks, where technically and commercially feasible.

FF believes this strategy can leverage capabilities developed across intelligent electric vehicles, AI, intelligent cabins, shared-platform operations and EAI robotics. RoboShare provides one potential foundation for that evolution. AIxC publicly designated RoboShare as its top operating priority for the second half of 2026, and the platform is designed to connect robot manufacturers and asset owners with customers while coordinating booking, pricing, scheduling, payments and service delivery.

RoboShare is evaluating expansion into additional AI-device categories, including autonomous shared mobility, as part of its exploration of broader Physical AI asset-sharing services. FF has five strengths that can help make these upgrades. First, FF’s DNA and forward-looking strategy. Back in 2014, FF was the first to bring up the “Four Future Trends” strategy: electrification, AI, Internet and sharing.

Autonomous driving has developed for more than a decade. Now, as the technology matures, shared mobility is once again becoming a major direction for the auto industry. At this turning point, FF has a natural advantage in helping drive the change. Second, FF team’s experience in shared mobility network operations.

Third, FF’s EAI cabin technology. Drawing on more than 20 years of intelligent cabin experience, we plan to bring FF’s “3rd aiSpace” to Robotaxis network, including Cybercab, and to conventional intelligent vehicles. We want to give passengers two kinds of value: a ride from A to B, and an AI-powered living space inside the vehicle. Fourth, synergy across shared platform operations.

RoboShare already has operating capabilities FF can build on. FF plans to extend them quickly into Robotaxi mobility services, from bringing vehicles onto the platform to operating them and serving users. By using resources well and keeping costs as low as possible, FF aims to build a real competitive advantage. Lastly, ecosystem investment holding.

FFR is set to become the first publicly traded robotics ecosystem FF has incubated. That will demonstrate FFAI’s ability to incubate businesses in Physical AI and also show the strength of its model. “We believe this is an important new starting point for both FFAI and the future FFR,” said YT Jia, Founder and Global Co-CEO of Faraday Future. “The proposed transaction could provide our EAI robotics business with a more independent platform to pursue growth and long-term value creation, while allowing FFAI to accelerate its strategic evolution around Physical AI and shared intelligent mobility.

S. -based Physical AI ecosystem company dedicated to reshaping the future of robotics and mobility solutions through AI innovation and technologies. FF focuses on two major product strategies within the Embodied AI (EAI) robotics business: EAI humanoid and bionic robots, and EAI automotive-focused robots. By building a "Four-Core Full-Stack AI" ecosystem of EAI Brain and Developer Platform, EAI Devices, Industry Productivity Solutions and EAI Data Factory, FF aims to create an evolutionary flywheel: scaled device delivery, data collection and training, continuous evolution of the EAI Brain, stronger product capability, and even larger-scale delivery and deployment.

Through this flywheel, FF seeks to maximize its commercial value and lead to the advancement of Physical AI. S.