AIxC (FFR) and FFAI 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
FFR has entered into a non-binding term sheet with Faraday Future Intelligent Electric Inc. (FFAI) for FFR's proposed all-stock acquisition of FFAI's robotics assets and businesses at an estimated $200 million valuation. FFR becomes the first Nasdaq-listed pure-play robotics ecosystem...