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Faraday Future and FFR (AIxC) Provide Additional Details on Proposed Acquisition of FFAI’s Robotics Business at an Approximate $200 Million Valuation and Potential Special Stock Dividend of $2.246 Provides Direct Benefit to Existing Stockholders

FFAI has entered into a non-binding term sheet with AIxC (soon to be FFR) for proposed all-stock acquisition of FFAI’s robotics assets and businesses at an estimated $200 million valuation. FFR aims to become the