What happened
AIxCrypto Holdings, Inc. (NASDAQ: AIXC) said it signed a non-binding term sheet to acquire Faraday Future Intelligent Electric Inc.'s robotics business. The board of FFAI and AIxC approved the term sheet. AIxCrypto Holdings, Inc. will be renamed FF EAI Robotics Ecosystem Inc., and its NASDAQ symbol will change to FFR, effective September 30, 2026.
Under the term sheet, AIxC would buy the robotics business for around $200 million in stock. The per-share price would be the lower of $2.246 or the five-day average closing price before signing. At $2.246, the filing says the pre-closing equity value would be about $55 million on a fully diluted basis, for illustration only. If the per-share price is below $2.246, AIxC would declare a one-time special stock dividend to holders of record before closing.
Why it matters
The filing also gives the robotics business's latest operating figures. Cumulative shipments reached 552 units by the end of August. The unaudited second quarter 2026 gross margin was about 30.9%. Management projects about $7.1 million of revenue in 2026, about $45.17 million in 2027, and about $1.98 billion in cumulative revenue over five years. It also projects cumulative EAI Device sales above 130,000 units.
Those figures put the proposed consideration at roughly 3.6 times the illustrative $55 million equity value. That shows how much the deal would change the company. The filing also gives the main risk: the term sheet is non-binding, and AIxC has not adopted the projections as guidance. The stock case still depends on execution, not the announcement alone.
Explain the financial terms
A fiscal quarter is a three-month period in the company's reporting year.
A profit margin expresses the specified profit measure as a share of sales.
Guidance is management's forecast, not a completed result.
What's next
AIxCrypto plans a conference call and webcast on September 29, 2026 at 8:30 a.m. ET / 5:30 a.m. PT. The name change to FF EAI Robotics Ecosystem Inc. and the ticker change to FFR are set for September 30, 2026. The deal still needs diligence, definitive agreements, and approval from the company's Special Committee. If those steps move ahead, the pivot case improves. If they stall, it weakens.