Jia Yueting Announces FFR to Merge with FFAI Robotics Business for Independent Listing, Aiming to Be the First Humanoid and Bionic Robotics Stock on U.S. Markets

Jia Yueting announced that FFR and FFAI have formally signed a definitive agreement under which FFR will merge FFAI's robotics assets and business in an all-stock deal at $2.246 per share, implying a valuation of approximately $200 million. The transaction is expected to close before the end of this month.