Mergers & Acquisitions ·
Robo.ai Inc. terminated its share purchase agreement to acquire a 51% stake in Chinasky Car Trading FZE, an automobile…
AIIORobo.AI Inc.
Robo.ai Inc. terminated its share purchase agreement to acquire a 51% stake in Chinasky Car Trading FZE, an automobile trading company based in Dubai. The transaction, originally announced on February 19, 2026, involved a total consideration of US$1,000,000 payable via 7,388,799 Class B ordinary shares. Termination notice was served by the Purchaser on September 10, 2026, effective immediately. No shares were issued, no target equity was transferred, and no payments were made prior to termination. Robo.ai Inc. operates in the artificial intelligence technology sector.