Recent Updates — FFAI

Faraday Future Intelligent Electric Inc. completed the transfer of its robotics business to FF EAI Robotics Ecosystem Inc. (FFR) pursuant to a transaction agreement dated October 12, 2026. In connection with the reorganization, FFR raised $10.0 million through a private investment in public equity financing from Lumina Investment International Limited and Lioness Limited. The robotics business remains within Faraday Future's consolidated group following these transactions. This filing provides unaudited pro forma financial statements reflecting the impact of the restructuring and financing on the company's balance sheet and operations for periods ended June 30, 2026, and December 31, 2025. Faraday Future Intelligent Electric Inc. designs and manufactures electric vehicles.

Faraday Future Intelligent Electric Inc. completed the disposition of its robotics business and related assets to FF EAI Robotics Ecosystem Inc. (Nasdaq: FFR) on October 23, 2026. As transaction consideration, FFR issued common shares and non-voting convertible preferred shares to Smart Technology Holdings Ltd., a subsidiary of Faraday Future. Following the closing, FFR continues trading as a pure-play humanoid and bionic robotics company focused on Physical AI. The acquired business expects October sales to exceed 300 units and full-year 2026 shipments of approximately 2,000 robots with positive unit gross margins. Faraday Future is transitioning into a Robotaxi sharing network and AI cabin operator. The company operates in the electric vehicle and embodied artificial intelligence robotics sectors.

Faraday Future Intelligent Electric Inc. completed the sale of its robotics business to FF EAI Robotics Ecosystem Inc. (FFR) on October 23, 2026, receiving aggregate consideration valued at $200 million paid in FFR common and preferred stock. The transaction separates the robotics operations into a distinct Nasdaq-listed entity while Faraday Future transitions to focus on robotaxi and AI cabin mobility solutions. FFR expects full-year 2026 shipments of approximately 2,000 robots with positive unit gross margins. Faraday Future Intelligent Electric Inc. operates in the electric vehicle and embodied artificial intelligence sectors.

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.

Faraday Future Intelligent Electric Inc. entered into a definitive agreement with FF EAI Robotics Ecosystem Inc. (FFR) for FFR to acquire the company’s full robotics ecosystem business at an agreed valuation of approximately $200 million. The all-stock transaction involves FFR issuing shares to Faraday Future at $2.246 per share, representing a premium to its recent market price. Following closing, Faraday Future is expected to hold approximately 65.7% of FFR as the majority and controlling stockholder. The deal includes an 18-month lock-up for newly issued shares and a concurrent private placement of up to $10 million in PIPE financing. Closing is expected by the end of October 2026, subject to customary conditions including regulatory approvals and stockholder consent. Faraday Future operates as a global Embodied AI ecosystem company focused on robotics and mobility solutions.

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.