Faraday Future Says Special Stock Dividend Excluded From Definitive Robotics Deal

By Public Technologies20:06 (UTC), 15 October 2026 Updated

Faraday Future clarified that its definitive robotics sale agreement excludes the special stock dividend contemplated in the earlier nonbinding term sheet.
Signed October 12, 2026, the all-stock deal values the robotics business at approximately $200 million and FFR at approximately $60 million.
FFR will issue shares at $2.246 each, approximately 50% above its closing price on the signing date.
Following the acquisition and PIPE financing, FFAI expects approximately 65.7% ownership of FFR, with newly received shares locked up for 18 months.
Closing is expected by the end of October 2026; FFR has secured up to $10 million in PIPE financing.

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