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Faraday Future: Upon Completion of Proposed Transaction, FFAI Is Expected to Become FFR's Single-Largest Controlling Stockholder >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.