FF EAI Robotics Details All-Stock Acquisition of FFAI Assets
FF EAI Robotics said the assets were valued at approximately $200 million, with shares issued at $2.246—about a 50% premium to the signing-date close. The deal is subject to closing.
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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.
Faraday Future, FFR (AIxC) detail proposed $200 million robotics acquisition
Faraday Future said it entered a non-binding term sheet with AIxC, soon to be FFR, for a proposed all-stock acquisition of its robotics assets and businesses at an estimated $200 million valuation. The companies also outlined a potential special stock dividend of $2.246, subject to closing and other conditions.