Faraday Future Announces That It Has Signed a Definitive Agreement with FFR to Combine FFAI’s Full Robotics Business at Approx. $200 Million Valuation and $2.246 Per Share, Representing Approximately 50 Percent Premium
LOS ANGELES--(BUSINESS WIRE)--Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) (“Faraday Future,” “FF,” or the “Company”), a California-based global Embodied AI (“EAI”) ecosystem company, today announced that it has signed definitive agreements with FF EAI Robotics Ecosystem Inc. (NASDAQ: FFR) (renamed from AIxCrypto Holdings, Inc. and AIXC) for FFR to acquire FFAI’s full robotics ecosystem business at an agreed valuation of approximately $200 million. The transaction advances the partie