Faraday Future and FFR (AIxC) Provide Additional Details on Proposed Acquisition of FFAI’s Robotics Business at an Approximate $200 Million Valuation and Potential Special Stock Dividend of $2.246 Provides Direct Benefit to Existing Stockholders
LOS ANGELES--(BUSINESS WIRE)--Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) (“Faraday Future,” “FF” or the “Company”), a California-based global EAI ecosystem company, today announced that it has entered into a non-binding term sheet with AIxC (soon to be FFR) for proposed all-stock acquisition of FFAI’s robotics assets and businesses at an estimated $200 million valuation. Through the proposed transaction, FFR aims to become the first Nasdaq-listed pure-play robotics ecosystem compan