Faraday Future Intelligent Electric (FFIE) Investor update summary

Strategic milestones and restructuring

• Announced a proposed merger between FF EAI Robotics and Nasdaq-listed AIxC, transitioning AIxC into a pure-play AI robotics company with a new ticker, FFR, and a market-based valuation of $200 million.

• Entered a non-binding term sheet for an all-stock acquisition of robotics assets at a $200 million valuation, with a proposed per-share price of the lower of $2.246 or the five-day average closing price; a special stock dividend will be issued if below $2.246.

• The merger enables independent capital raising and value realization, positioning the business as a leading global embodied AI robotics ecosystem.

• FF EAI will become a Robotaxi and AI Cabin shared mobility operations company and a Physical AI investment holding company.

• The transaction is subject to due diligence, definitive agreements, committee approvals, and customary closing conditions.

Financial performance and projections

• Cumulative revenue reached $1.52 million, with 552 AI devices sold and shipped by August, and a Q2 average contribution margin over 30%.

• Five-year plan projects $1.98 billion in cumulative revenue and gross margin rising to 54% by 2030.

• 2026 revenue projected at $7.1 million (9.9% gross margin); 2027 at $45.17 million (30.5% gross margin).

• Positive quarterly operating cash flow is targeted for Q3 2028, with ecosystem businesses expected to account for a growing revenue share.

• Revenue mix is expected to shift toward higher-margin ecosystem services, with ecosystem revenue rising from 22% to 49% of total revenue over five years.

Operational and product development updates

• 24 products across three robot forms launched, all FCC certified and delivered to customers.

• EAI Brain entered engineering, testing, and delivery; developer platform version 1.0 is live.

• Four industry productivity solutions launched; RoboShare received multiple paid orders.

• Five-year target is over 130,000 units sold, with $300 million planned R&D investment.