Jia yutang announces independent listing of ffr's robotics business

On October 14, 2026, Jia Yutang announced that FFR and FFAI have finalized a merger agreement. FFR will acquire FFAI's robotics assets and business through a stock deal valued at approximately $200 million, with FFR's pre-closing equity worth around $60 million. The deal includes a 55% premium over the previous day's price. Jia Yutang stated that FFR aims to become the first pure-play company in the U.S. market for human and bio-mimetic EAI robots, targeting top-three industry rankings within five years. FFR has also secured a $10 million PIPE investment, which will support its operations without significant dilution. Post-transaction, FFR will have minimal debt and a clean financial profile. The company plans to achieve positive operating cash flow by the third quarter of 2028. As of September 30, FFR has delivered 817 units of EAI robots with positive gross margins. FFR, formerly AIxC, is a Nasdaq-listed tech infrastructure company with a strategic partnership with Faraday Future.