FF EAI Robotics Ecosystem Inc. (FFR) has entered into definitive agreements to acquire the robotics business of Faraday Future Intelligent Electric Inc. (FFAI), its majority stockholder. The transaction, valued at approximately $200 million, was signed on October 12, 2026, and is structured as an all-stock deal.
Under the agreement, FFR will acquire the robotics business through its subsidiary, Merger Sub. The purchase price is determined by a formula based on $200 million multiplied by a factor derived from the ratio of outstanding RobotCo options to fully diluted shares. The consideration consists of 1,315,313 shares of FFR common stock and 65,475 shares of non-voting convertible preferred stock. The preferred shares are convertible into 1,000 shares of common stock each and will not be convertible or entitled to voting rights until stockholder approval is obtained.
FFR’s board of directors, following a recommendation from a special committee of independent directors, approved the transaction. The special committee received a fairness opinion from financial advisor Advanture Capital Solutions LLC. The deal is expected to close by the end of October 2026, pending regulatory and stockholder approvals.
As part of the transaction, FFR has secured up to $10 million in PIPE financing priced at market with no discount or warrants. Upon closing, FFAI is expected to hold approximately 65.7% of FFR, with management and employees holding about 18.2% and PIPE investors holding roughly 5.5%. All newly issued shares are subject to an 18-month lockup, and PIPE investors may not sell shares for six months.
FFR projects that the acquired robotics business will generate approximately $7 million in revenue for 2026 and $45 million for 2027. The company anticipates achieving positive operating cash flow by the third quarter of 2028 and cumulative revenue of approximately $1.98 billion from 2026 through 2030.
