Faraday Future signs definitive deal to sell robotics unit to FFR at $200M; $2.246/share, ~50% premium

FARADAY FUTURE INTELLIGENT ELECTRIC INC.

Transaction Agreement dated Oct 12, 2026; FFR issues 1,315,313 common shares plus 65,475 preferred (each convertible into 1,000 common) for FFAI's robotics business.
$2.246 per share equals ~50% premium to FFR's $1.50 close on Oct 12 and ~55% to $1.45 on Oct 13; FFR valued ~$60M, robotics ~$200M.
Closing expected by end-Oct 2026, outside date Dec 31, 2026; FFAI to hold ~65.7% of FFR; new shares locked up 18 months; up to $10M PIPE at market, no warrants.
A&R Lead Investor Agreement gives FF Global Partners >50% of FFR voting power via irrevocable proxies; FFR becomes Nasdaq 'controlled company'; FFGP names 4 of 7 directors.
Robotics business: 817 units shipped by end-Sept, ~$1.52M cumulative revenue; 2026E ~$7M revenue (10% GM), 2027E ~$45M (30.5% GM), 2026-30E ~$1.98B.

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