Faraday Future says special stock dividend excluded from definitive robotics deal
FFAI•Faraday Future said its definitive robotics sale agreement excludes a special stock dividend contemplated in an earlier nonbinding term sheet. The all-stock deal values the robotics business at about $200 million and FFR at about $60 million, with closing expected by the end of October 2026.
1. Deal terms
The agreement, signed October 12, 2026, sets an issue price of $2.246 per FFR share, about 50% above FFR’s closing price that day. After the acquisition and PIPE financing, Faraday Future Intelligent Electric expects to own about 65.7% of FFR; newly received shares will be locked up for 18 months. FFR has secured up to $10 million in PIPE financing.
