Mergers & Acquisitions ·
FFR agrees to acquire Faraday Future's robotics business for $200M in stock
FFAIFaraday Future Intelligent Electric Inc.
Faraday Future Intelligent Electric Inc. (FFAI) entered into a definitive agreement with FF EAI Robotics Ecosystem Inc. (FFR) for FFR to acquire FFAI’s full robotics ecosystem business at an agreed valuation of approximately $200 million. The all-stock transaction involves FFR issuing shares to FFAI at $2.246 per share, representing a premium to FFR's recent market price. Upon closing, FFAI is expected to hold approximately 65.7% of FFR on an as-converted basis and remain the controlling stockholder. The deal includes up to $10 million in PIPE financing and requires FFR stockholder approval before issuance of shares exceeds Nasdaq limits. Closing is expected by the end of October 2026, subject to customary conditions including regulatory approvals and key employee employment agreements. Faraday Future Intelligent Electric Inc. operates as a global Embodied AI ecosystem company focused on robotics and mobility solutions.