FARADAY FUTURE INTELLIGENT ELECTRIC INC. (FFAI) Form 8-K — Oct 26, 2026
$FFAIForm 8-KItems 2.01, 7.01, 9.01Filed Oct 26, 2026, 11:31 AM ET0001213900-26-112363Original filing
Faraday Future completed the sale of its robotics business to FF EAI Robotics Ecosystem Inc. (Nasdaq: FFR) on October 23, 2026, closing the transaction disclosed earlier in October. FFR paid a purchase price based on $200 million, settled in 1,315,313 FFR common shares plus 65,475 non-voting convertible preferred shares valued at $2.246 per as-converted share. FFAI will hold roughly 66% of FFR on an as-converted, fully diluted basis after stockholder approval, but those shares are locked up for 18 months.
Key figures
- Pipe Size
- $10M maximum at $1.50/share
- Lockup Months
- 18
- Noncompete Years
- 2
- As Converted Shares
- 66790313
- Purchase Price Basis
- 200000000
- Option Exchange Ratio
- 0.89
- Ffr Common Shares Issued
- 1315313
- Robot2026 Guidance Units
- approximately 2,000
- Purchase Price Share Value
- 2.246
- Ffr Preferred Shares Issued
- 65475
- Robot Cumulative Shipments
- >1,100 units
- Robot Shipments October2026 E
- >300 units
- Ffr Ownership Fully Diluted Post Approval
- approximately 66%
AI analysis
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