Faraday Future Signs $10M Stock Purchase Agreement with AIxC

Faraday Future has signed a stock purchase agreement with AIxC for the sale of $10 million of its Class A common stock. The designated third party identified by AIxC will fund $10 million and receive FF Class A common stock based on the most recent closing price. The proceeds will be used for general corporate purposes, including preliminary costs for the FX Super One and potential purchases of FF EAI robotics. The company will also hold a launch event on February 4 to unveil its FF EAI Robotics' "Three-in-One" ecosystem strategy and announce industry trends.