FFR to Acquire Faraday Future Robotics Business in $200M Stock Deal
FF EAI Robotics Ecosystem signed definitive agreements for an all-stock acquisition valuing Faraday Future’s robotics assets at about $200 million. FFR also secured up to $10 million in PIPE financing; closing would leave FFAI with about 65.7% of FFR.
FF EAI Robotics Ecosystem Inc. has signed definitive agreements to acquire Faraday Future’s robotics assets in an all-stock transaction valuing the business at about $200M. FFR is valued at about $60M. FFR also secured up to $10M in PIPE financing.
If the deal closes, FFAI would retain ~65.7% of FFR.