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FFR Unveils $200M Robotics Deal Details, With $2.246 Stock Dividend Protection for Shareholders.
Deal priced at the lower of $2.246 or the 5-day average. If below $2.246, holders get a special stock dividend to make up the difference.
24 FCC-certified products, 552 units shipped, ~30.9% gross margin, all in under a year.
Targeting positive operating cash flow by Q3 2028.
From Sept 30: FF EAI Robotics Ecosystem Inc. (FFR). Crypto out, robotics all in.
Non-binding term sheet, subject to approvals. Projections are not guidance.
Full release: https://www.prnewswire.com/news-releases/aixc-ffr-and-ffai-provide-additional-details-on-proposed-acquisition-of-ffais-robotics-business-at-an-approximate-200-million-valuation-and-potential-special-stock-dividend-of-2-246-provides-direct-benefit-to-existing-stockho-302892631.html
$FFR $FFAI $AIXC
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