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Estimated valuation of the acquisition is $200 million.
AIxCrypto Holdings, Inc. (Nasdaq: AIXC) and Faraday Future have signed a term sheet for the acquisition of Faraday Future's robotics business. The estimated valuation of the acquisition is $200 million.
The acquisition, once finalized, will expand AIxCrypto's portfolio into the robotics sector. The deal is subject to further negotiations and regulatory approvals.
AIxCrypto Holdings, Inc. has a free float of 18,558,726 shares.
This summary was generated by AI from public sources and may contain errors. Not financial advice. Trade at your own risk.