Faraday Future signs term sheet to sell RobotCo to AIxCrypto for US$200 million

Bitget2026/09/28 21:07

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

AIxCrypto Holdings signed a non-binding term sheet to buy Faraday Future Intelligent Electric’s robotics unit RobotCo for USD 200 million.
Consideration would be paid in AIxCrypto common stock and non-voting convertible preferred stock, subject to a shareholder-approval conversion blocker.
Per-share pricing is set at the lower of USD 2.246 or the five-day average close before signing definitive agreements.
If priced below USD 2.246, AIxCrypto plans a one-time conditional special stock dividend tied to the pricing gap.
Closing is conditioned on internal restructuring into RobotCo, audited financials, key employee retention, approvals, and no material adverse change.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Faraday Future Intelligent Electric Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-104130), on September 28, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

Faraday Future signs term sheet to sell RobotCo to AIxCrypto for US$200 million

You may also like

Crypto prices