Faraday Future Agrees to Sell Robotics Business at $200 Million Valuation

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. John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

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