FFR Launches $2,490 Nova Humanoid, Buys FFAI Robotics for $200M
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Los Angeles – October 15, 2026 -- FF EAI Robotics Ecosystem Inc. (NASDAQ: FFR) launched the FF Nova humanoid robot at $2,490 and agreed to acquire the robotics business of Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) in an all-stock transaction that values that unit at about $200 million.
FFR issues shares at $2.246, a 50% premium to its $1.50 close
The definitive agreements were signed on October 12, 2026. The parties valued FFR at about $60 million on a fully diluted basis. FFR will issue shares to FFAI at $2.246 each, about 50% above its $1.50 closing price on the signing date.
FFR has also secured up to $10 million in a first PIPE round, priced at market with no discount and no warrants. The company said it capped the raise at about $10 million to limit dilution.