Jia Yueting announces plan for the first humanoid robot stock on the U.S. market; article breaks down FFR share-swap deal and 817-unit shipment figure

On October 14, Jia Yueting posted a video announcing plans to create the first humanoid robot stock on the U.S. market. FFR (formerly AIxC, with Faraday Future as controlling shareholder) signed a definitive agreement with FFAI to merge FFAI's robotics assets in an all-stock deal at $2.246 per share, a 55% premium to the prior day, valuing the assets at about $200 million. After the deal closes, FFAI will hold about 65.7% of FFR, and the only cash coming in is a $10 million PIPE.