Robotics · 26 October 2026 · 4 min read
Faraday Future says the sale of its robotics business to FFR has closed. The terms on the record are from the signing, two weeks ago
The company posted on 26 October that FF EAI Robotics, the Nasdaq-listed firm with the ticker FFR, has completed the purchase. The agreements announced on 14 October valued the business at about $200 million in stock, at $2.246 a share, and left Faraday Future with roughly two-thirds of FFR. Those percentages were described then as subject to the final adjustments.
Faraday Future said on 26 October that FF EAI Robotics Ecosystem, which trades on Nasdaq as FFR, has completed the purchase of Faraday Future’s robotics business. The same day the company held a listing ceremony and an investor day in New York. Completion is the company’s word. A closing document, with the final share count, was not the thing published in the announcement a reader can open.
The terms that were published are from 14 October, when the two companies said they had signed. FFR, which until recently was AIxCrypto, agreed to acquire the robotics business at about $200 million, paying in shares at $2.246 each. That price was described as about a 50 percent premium to FFR’s close of $1.50 on 12 October. Faraday Future was expected to keep about 65.7 percent of FFR. Management and employees were put at about 18.2 percent, a PIPE at 5.5 percent, and the other existing shareholders at 10.7 percent, subject to final adjustments. A PIPE of up to $10 million was announced alongside the signing. Expected, in a signing release, is the right tense for a deal that had not closed. The company now says it has.
A listing is not a fleet
FFR’s own description of the point of the deal is that it becomes a Nasdaq-listed vehicle for humanoid and bionic robots. “The first” and “pure play” are the company’s phrases. FFR was a listed company before this purchase, under another name. What changed, if the announcement is right, is which business sits inside the ticker, and that Faraday Future still controls it. A September update from the same group said 265 units shipped that month and 817 cumulatively. That figure was the seller’s, issued before the close, and it was not repeated as a closing statement today.