FF held Its FF EAI "Built in USA" Upstream & Downstream Business Partner Conference Part two Upstream Partner Session & Industry Ecosystem Co-Creation Session at its headquarters and the International Conference on Intelligent Robots and Systems (IROS) in Pittsburgh, PA, featuring insights from ten partners from around the world, including MetaSense Technology USA, ENCOS, and NexCOBOT, who shared their perspectives on the EAI robotics industry and FF’s "Built in USA" initiative.
FF announces further execution plans for phase two of the "Built in USA" acceleration program, accelerating the rollout of the Next Futurist and Next Aegis series, initiating the conditional approval application process, and advancing supply chain, compliance certification, and manufacturing capacity development, with the robot factory targeted to begin operations by year-end and the first new EAI robot product targeted to roll off the production line in Q1 2027.
EAI Robotics "Made in USA" Industry Alliance officially opens for membership, bringing together technology, manufacturing, supply chain, commercialization, research, government and capital partners.
FFAI has signed a term sheet with Nasdaq-listed AIxC, which currently trades under the ticker AIXC. Under the proposed transaction, we would bring 100% of FF’s robotics company into AIxC. The proposed valuation is approximately $200 million, and FFAI would receive AIxC shares in exchange. On September 30th, AIxC will change its name FF EAI Robotics Ecosystem Inc., and its ticker will change to FFR.
Potential special stock dividend of $2.246 provides direct benefit to existing stockholders at no additional cost: Under the non-binding term sheet, the proposed per-share price would be the lower of $2.246 or the five-day average closing price prior to signing. At $2.246, FFR’s pre-closing equity. The value would be approximately $55 million on a fully diluted basis, shown for illustrative purposes only. If the per-share price is below $2.246, FFR would declare a one-time special stock dividend to holders of record prior to closing, payable only upon closing and subject to tax analysis.
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