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Faraday Future said it signed a non-binding term sheet to combine its robotics business with Nasdaq-listed AIxC at an implied valuation of about $200 million. The company also said it expects the first new EAI robot product to roll out in Q1 2027.
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.
Faraday Future: AIxC Aims to Become the First Nasdaq-Listed Pure-Play Robotics Ecosystem Co Built on 'Four-Core Full-Stack' AI Ecosystem in the U.S. >FFAI
The company said its board and AIxC have approved a non-binding term sheet for a proposed combination of its robotics assets and business with AIxC, which is expected to be renamed FFR. Faraday Future said it expects to become FFR’s single largest controlling stockholder if the deal closes.