FF EAI Robotics Ecosystem Signs Definitive Agreements to Combine FFAI's Full Robotics Business at About $200 Million and $2.246 Per Share, an Approximate 50 Percent Premium; Becoming the First U.S.-Listed Humanoid and Bionic EAI Robotics Pure Play

FF EAI Robotics Ecosystem Signs Definitive Agreements to Combine FFAI's Full Robotics Business at About $200 Million and $2.246 Per Share, an Approximate 50 Percent Premium; Becoming the First U.S.-Listed Humanoid and Bionic EAI Robotics Pure Play PR Newswire

* FF EAI Robotics Ecosystem Inc. (NASDAQ: FFR) (formerly AIxCrypto Holdings, Inc. and AIXC) and Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) ("FFAI") signed definitive agreements on October 12, 2026, for FFR to acquire FFAI's robotics assets and business in an all-stock transaction. The parties agreed on a valuation of approximately $200 million for FFAI's robotics business and approximately $60 million for FFR on a fully diluted basis. All closings are expected to be completed by the end of October 2026. * FFR will issue shares to FFAI at $2.246 per share, representing a premium of approximately 50% to FFR's closing price of $1.50 on the signing date of October 12, 2026 and approximately 55% to closing price of $1.45 on October 13, 2026. * The transaction was approved by the respective Board special committees comprising disinterested independent directors of FFAI and FFR, and is supported by a fairness opinion issued by the independent financial advisor engaged by the FFR special committees. * FFR has secured its first round of PIPE financing of up to $10 million. The financing is priced at market, with no discount or no warrants, and low associated financing costs. To support investor interests, FFR limited this round's financing to no more than $10 million to meet its current funding needs while reducing unnecessary equity dilution. Upon closing of the acquisition transaction and PIPE financing, on an as-converted, fully diluted basis, FFAI will hold approximately 65.7% of FFR, with all newly issued shares received in this transaction subject to an 18-month lockup, management and employees approximately 18.2%, PIPE investors approximately 5.5%, and other FFR stockholders approximately 10.7%. PIPE investors may not sell their shares within six months or before the resale registration statement becomes effective. FFAI, management and employees, and PIPE investors will collectively hold approximately 89.3%. Excluding these holdings, the freely tradable public float will consist of approximately 13 million shares, representing approximately 10.7% of the total. * FFR will become the first U.S.-listed pure-play "Four-Core Full-Stack AI" humanoid and bionic EAI robotics ecosystem company, targeting a top-three overall ranking in the EAI robotics industry over the next five years. As the first U.S. company to deliver both humanoid and bionic robots, FF is turning its first-mover advantage into a competitive advantage, drawing on its "Four-Core Full-Stack AI" Ecosystem, EAI technology strengths, and "One Brain, Multiple Forms; Multiple Forms, Multiple Capabilities" approach to build a leading U.S. Physical AI and robotics ecosystem platform. The four cores, EAI Brain and Developer Platform, EAI Devices, Industry Productivity Solutions, and EAI Data Factory, will accelerate deployment across education and research, security and inspection, industrial and logistics, and commercial applications and services. The "Built in USA" Acceleration Program will translate these technology and ecosystem capabilities into U.S.-based R&D, compliance, supply chain, manufacturing, delivery, and service capabilities, creating a self-evolving flywheel of real-world deployment, data collection, EAI Brain model refinement, and updates to real-world deployments. * In less than a year, FFAI's EAI robotics business has made progress exceeding expectations. The Company has completed Phase One of the "Built in USA" Acceleration Program and is advancing the "One-Brain Multi-Form Multi-Capability" FF EAI Robot World 2.0. FFAI has launched 24 products across three robot forms and begun customer deliveries. Its "Four-Core Full-Stack AI" Ecosystem is taking shape. By the end of September, cumulative EAI Device sales and shipments reached 817 units. In the second quarter, the average gross margin on FFAI's robotics products exceeded 30%, and cumulative revenue was approximately $1.52 million. * Under FFAI's robotics business plan, unaudited revenue for 2026 is projected to reach approximately $7 million, with a gross margin of 10%; revenue for 2027 is projected to reach approximately $45 million, with a gross margin of 30.5%. Cumulative revenue from 2026 through 2030 is projected to reach approximately $1.98 billion, with gross margin increasing annually to 54% in 2030 and cumulative EAI Device sales from 2026 to 2030 exceeding 130,000 units. Drawing on seven unique advantages, including its EAI technology strengths across "Four-Core Full-Stack AI" and its asset-light operating model, FFR aims to achieve positive operating cash flow no later than the third quarter of 2028, with cumulative financing requirements of no more than $150 million. * FFR's governance framework will draw on the governance arrangements between FF Global Partners LLC and FFAI to support leadership continuity, strategic oversight, and long-term execution, with the aim of making the Company one of the most valuable EAI companies in the Physical AI era. * Through the merger and independent listing, FFR will sharpen its focus on Physical AI and EAI robotics, accelerate commercialization at scale, improve capital efficiency and financial transparency, and unlock value, with the goal of maximizing stockholder value as soon as possible. LOS ANGELES, Oct. 14, 2026 /PRNewswire/ -- FF EAI Robotics Ecosystem Inc. ("FFR" or the "Company") (NASDAQ: FFR) today announced that it has signed definitive agreements with FFAI for FFR to acquire FFAI's full robotics ecosystem business at an agreed valuation of approximately $200 million.