The news of October 15thJACKNOCKINGA video was released yesterdayDECLARE FFR AND FFAI TO FORMALLY SIGN THE FINAL AGREEMENTFFR VALUING THE WHOLE STOCK MERGER AT 2.246 UNITED STATES DOLLARS PER SHARE (CURRENT EXCHANGE RATE APPROXIMATELY 15.1 YUAN), 55% PREMIUM COMPARED TO YESTERDAY, PROPOSED ABOUT $200 MILLION (CURRENT EXCHANGE RATE APPROXIMATELY 1.341 BILLION YUAN) robotIN TERMS OF ASSETS AND OPERATIONS, THE VALUE OF THE FFR ' S SHARE IN A FULLY DILUTED CALIBRE BEFORE DELIVERY WAS APPROXIMATELY $60 MILLION (THE CURRENT EXCHANGE RATE IS APPROXIMATELY RMB 402 MILLION)。
He said,FFR will become the four-nucleus human form and imitation of the United StatesThe goal is to maintain EAI in the top three aggregates of the robotic industry within five years, making the company one of the most valuable EAI companies of the Physical AI era。
IT WAS STATED THAT THE TRANSACTION HAD BEEN APPROVED BY A SPECIAL BOARD OF DIRECTORS SET UP BY INDEPENDENT DIRECTORS WHOSE INTERESTS WERE NOT RELEVANT TO FFAI AND FFR, AND SUPPORTED BY AN IMPARTIAL OPINION FROM AN INDEPENDENT FINANCIAL CONSULTANT HIRED BY THE SPECIAL COMMITTEE。
AT THE SAME TIME, FFR COMPLETED THE FIRST ROUND OF PIPE FINANCING CONTRACTS OF UP TO US$ 10 MILLION (THE CURRENT EXCHANGE RATE IS APPROXIMATELY RMB 67.05 MILLION), AT MARKET PRICES, WITHOUT PRICE DISCOUNTS, UNRECOGNIZED EQUITY CARDS AND AT LOWER ASSOCIATED FINANCING COSTS。This round is open only about $10 million(Current exchange rate is about RMB 67.05 million)Level of financingThis would support the interests of shareholders by both meeting the current stage of funding needs and reducing unnecessary dilution of equity。
Both sides expect to complete all deliveries by the end of this month. JACKUN also published information on financial and operational aspects:
- AT THE FINANCIAL LEVEL, AFTER THE DELIVERY, THE FFR HAD ALMOST NO LIABILITIES, AND IT WAS LIGHTThe three financial forms are cleaner and better highlighted the company's great valueI DON'T KNOW. BASED ON THE SEVEN UNIQUE VALUES OF EAI TECHNOLOGY, LIGHT ASSETS, ETC., WHICH INCLUDE ALL FOUR CORES, THE FFR GOAL IS TO MAINTAIN EAI AS THE TOP THREE IN THE OVERALL ROBOT INDUSTRY WITHIN FIVE YEARSAt the latest, by the third quarter of 2028, the operating cash flow is positivePrior to this, it was expected that the cumulative financing requirements would not exceed $150 million (the current exchange rate is approximately RMB 1,006 million)。
- OPERATIONAL LEVEL: FFR ' S STRONG BUSINESS FUNDAMENTALS WILL BE RELEASED MORE QUICKLY. AS THE FIRST U.S. TO DELIVER HUMAN ROBOTS ANDbionic robotThe company, FFR, is accelerating to turn the pre-emptive advantage into a competitive advantage. In less than a year's time, a complete “four-nucleus” ecology was created, EAI technology uniquely, including “one brain multi-form, multi-form multi-power”, and the first phase of the “Built in USA” acceleration plan was completed, and FF EAI World of Robots 2.0 was assembled。FFAI HAS INTRODUCED 20-PLUS HOME-GROWN PRODUCTS COVERING THREE MAJOR FORMS, FIVE SERIES, AND A DOZEN LARGEand accelerating delivery to users on an ongoing basis。BY THE END OF SEPTEMBER, EAI HAD ACCUMULATED SALES AND DELIVERIES OF 817 ROBOTICS AND MAINTAINED POSITIVE MAORI DELIVERIES.
1AI Query was informed that FFR was formerly known as AuxC (AlexCrypto Holdings Inc.), founded on 29 March 2004 in NASDAQListingTECHNOLOGY INFRASTRUCTURE CORPORATION, WHICH DEALS WITH SMART (EAI), AI SMART BODY PLATFORM, ETC. FARADAY WILL BE A HOLDING SHAREHOLDER AND THERE WILL BE A STRATEGIC PARTNERSHIP BETWEEN THE TWO。