Mergers & Acquisitions ·
Faraday Future Intelligent Electric Inc. entered into a non-binding term sheet to sell its robotics business, RobotCo…
FFAIFaraday Future Intelligent Electric Inc.
Faraday Future Intelligent Electric Inc. entered into a non-binding term sheet to sell its robotics business, RobotCo, to AIxCrypto Holdings, Inc., a majority-owned subsidiary, for an aggregate purchase price of approximately $200 million payable in AIxC common stock and non-voting convertible preferred stock. The transaction is structured as a two-step acquisition followed by a forward merger, with closing expected in the fourth quarter of 2026. Faraday Future plans to transition into a Robotaxi shared-mobility operator and physical AI investment holding company while retaining control of the newly listed robotics entity. This strategic restructuring aims to unlock value for the robotics division and reduce equity dilution at the parent level.