AIxC Plans $200M All-Stock Acquisition of Faraday Future Robotics Unit
AIxC (FFR) signs non-binding term sheet to acquire FFAI's robotics assets at $200M valuation, with a special stock dividend planned for existing shareholders.
AIxC, trading on Nasdaq under the ticker FFR, has signed a non-binding term sheet to acquire the robotics assets and business operations of Faraday Future Intelligent Electric Inc. (FFAI) in an all-stock transaction valued at approximately $200 million, the companies announced.
If completed, the deal would position FFR as the first pure-play robotics ecosystem company listed on the Nasdaq, according to the announcement. The proposed transaction is structured entirely in stock, meaning no cash would change hands at closing under the current terms.
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As part of the proposed arrangement, a special stock dividend of $2.246 is being outlined as a mechanism to deliver direct financial benefit to existing stockholders of record. The dividend component is framed as an incentive tied to the broader transaction structure, though final terms remain subject to negotiation given the non-binding nature of the current agreement.
The deal reflects a broader trend of legacy electric vehicle companies seeking to monetize ancillary technology divisions amid continued pressure on EV valuations. Faraday Future has faced prolonged financial turbulence, and the proposed carve-out of its robotics segment represents a potential path to unlocking value from non-core assets. Neither company has disclosed a definitive timeline for completing due diligence or executing a binding agreement.
Continue reading at Cryptocurrency for the latest updates on this developing transaction.
