AIxCrypto signs term sheet to buy Faraday Future robotics business in $200 million stock deal
AIXC•AIxCrypto Holdings signed a non-binding term sheet to buy Faraday Future’s robotics business in an all-stock deal valued at about $200 million. Completion depends on diligence and definitive agreements.
1. Proposed acquisition
The term sheet sets pricing at the lower of $2.246 a share or the five-day average closing price before signing, with an illustrative fully diluted equity value of about $55 million. Faraday Future would receive restricted shares subject to an 18-month lock-up; if the price is below $2.246, a one-time special stock dividend would be declared for holders of record before closing and payable only at closing.
2. Rebrand and conditions
Closing would trigger a rebrand to FF EAI Robotics Ecosystem, with the Nasdaq ticker set to change to FFR on Sept. 30, 2026. The term sheet is non-binding, and completion depends on diligence and definitive agreements.
