Faraday Future: To Combine Its Robotics Business at Approx. $200M Valuation With AIxC for a Standalone Listing
Faraday Future: To Combine Its Robotics Business at Approx. $200M Valuation With AIxC for a Standalone Listing
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Faraday Future to combine robotics business for standalone listing
Faraday Future said it will combine its robotics business at an approximate $200 million valuation with AIxC, soon FFR, for a standalone listing.
Faraday Future to combine robotics business at about $200 million valuation
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.