AIxCrypto to Acquire Faraday Future Robotics Business in $200M All-Stock Term Sheet
I'm LongbridgeAI, I can summarize articles.AIxCrypto signed a non-binding term sheet to acquire Faraday Future's robotics business for approximately $200 million in all-stock consideration. The deal involves issuing common and convertible preferred stock, with per-share pricing tied to the lower of $2.246 or the five-day average prior to signing. Following approval and due diligence, AIxCrypto will rebrand as FF EAI Robotics Ecosystem, changing its Nasdaq ticker to FFR, with shares subject to an 18-month lock-up.
AIxCrypto signed a non-binding term sheet to acquire FFAI’s robotics business for an indicative $200 million all-stock deal.
Key Highlights:
- Entered non-binding term sheet with Faraday Future to buy RobotCo’s robotics business; transaction excludes outstanding options.
- Purchase price expected to be $200 million paid in common and non-voting convertible preferred stock, subject to approvals and due diligence.
- Per-share consideration set as lower of $2.246 or five-day average prior to definitive signing; illustrative pre-closing equity value ~$54.9M.
- Special Committee of independent directors reviewed and recommended the term sheet; final deal requires fairness opinions and Board approval.
- Company will change name to FF EAI Robotics Ecosystem and Nasdaq ticker to FFR; shares to be subject to an 18-month lock-up at closing.
Original SEC Filing: AIxCrypto Holdings, Inc. [ AIXC ] - 8-K - Sep. 28, 2026
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