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Add as a preferred source on GoogleFaraday Future Agrees to Sell Robotics Business at $200 Million Valuation
Faraday Future Intelligent Electric will receive shares from FF EAI Robotics Ecosystem Inc. priced at $2.246 each, about 50% above FFR’s closing price.
Faraday Future Intelligent Electric (FFAI) has agreed to sell its robotics business to FF EAI Robotics Ecosystem Inc. (FFR) at an approximately $200 million valuation, with FFR paying through a share issuance.
The definitive agreements set the issuance price at $2.246 per share. That is about 50% above FFR’s closing price.
The agreement covers FFAI’s robotics business.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.