Faraday Future signs term sheet to sell RobotCo to AIxCrypto for US$200 million
Bitget2026/09/28 21:07- 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: 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.
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