FF EAI Robotics Ecosystem Inc. ( NASDAQ : FFR, hereinafter referred to as “FFR” or “the Company”) and Faraday Future Intelligent Electric Inc. ( NASDAQ : FFAI, hereinafter referred to as “Faraday Future” or “FF”) jointly held a new product launch event on October 15th, announcing that two new robots have officially joined the “One Brain Multi-forms Multi-capabilities FF Robot World 2.0: FF Nova and FF Nova Mini”.

FF Nova is an entry-level embodied AI humanoid robot, priced at less than $2,500; FF Nova Mini is a humanoid robot designed for basic Physical AI education. The two companies have also launched the FF EAI Education Skills product " Physical AI Spark Program " course and released the FF Nova Physical AI reinforcement learning developer program, while initiating a limited invitation recruitment for the Nova developer community.

FFR and FFAI sign a final agreement to integrate the robotics business of FFAI.

FFR and FFAI signed a final agreement on October 12, 2026. FFR will acquire the robot assets and business of FFAI through a all-stock transaction. Both parties agreed to value the robot business of FFAI at approximately $200 million, and the fully diluted value of FFR at approximately $60 million. FFR will issue shares to FFAI at $2.246 per share, which is about 50% above the closing price of $1.50 on October 12, 2026, the date of signing.

After the transaction is completed, FFR will become the first company among U.S. listed companies to focus solely on the "four-core full-stack" humanoid and bionic EAI robot ecosystem. The company plans to maintain a top three ranking in the EAI robotics industry over the next five years and aims to propel FFR to become one of the most valuable EAI companies of the Physical AI era. FFR will also continue to enhance the synergy between its existing RoboShare business and its robotics business in terms of sales, leasing, deployment, and recurring services.

FFR has raised up to $10 million in its first round of financing, PIPE. This financing was priced at market value, without any discounts or warrants, and the related financing costs were relatively low. Additionally, the structure was designed to minimize equity dilution as much as possible. To better support the interests of investors, FFR has limited the scale of this round of financing to approximately $10 million in order to meet current funding needs and reduce unnecessary equity dilution.

After the transaction is completed, on a fully diluted basis after conversion, FFAI will hold approximately 65.7% of the shares of FFR. All newly issued shares in this transaction will be locked up for 18 months; management and employees will hold about 18.2%; PIPE investors will hold approximately 5.5%; other FFR shareholders will hold about 10.7%. PIPE investors are not allowed to sell their shares within six months or before the resale registration statement takes effect. FFAI, management and employees, as well as PIPE investors, will collectively hold about 89.3%. Excluding these holdings, there will be approximately 13 million tradable shares, which accounts for about 10.7% of the total share capital.

The company stated that signing these agreements is expected to bring benefits in three aspects. At the capital level, a smaller free-floating market is expected to reduce the supply of tradable shares in the short term, which will help to maximize shareholder value. Financially, FFR is expected to have almost no debt after the transaction is completed, and its capital structure will be lighter. The income statement, balance sheet, and cash flow statement will also become clearer, enhancing the visibility of the company's important values. On the business front, this transaction is expected to accelerate the realization of the strong operational fundamentals of FFR.

FF Nova: The first humanoid robot in the United States priced below $2,500 EAI

FF Nova For developers, technology enthusiasts, Physical AI industry opinion leaders, as well as educational institutions, research centers, training organizations, and students interested in Physical AI. The company claims that it is an entry-level EAI humanoid robot, as well as a "laboratory in a backpack".

FF Nova combines an edge computing platform that is hard to match at the same level with a multi-modal sensor array. Lidar, wide-angle vision, depth perception, and a ring microphone array all contribute to its capabilities. Nova has a total of 20 degrees of freedom throughout its body, making it a true bipedal humanoid robot capable of walking, turning, waving, and getting back up after being pushed down. It has two modes of movement: it can walk on two legs to interact with people, or it can be mounted on a detachable base for autonomous navigation.

Nova can be connected to large-scale voice AI models, supporting natural dialogue and voiceprint recognition. It also supports integration with AI Agent, enabling cloud-based intelligents to have a physical presence in the real world.

Nova Natively supports developer platforms, including the fully open SDK and ROS development processes, as well as continuous over-the-air updates. Nova will also integrate a complete Sim2Real reinforcement learning process, and provide Skills Store and a developer community, so that the capabilities created by developers can be shared and reused in the future, with the potential for commercialization.

FF Nova is now open for online applications and a limited invitation-based sales system. The first batch of recipients includes universities and research laboratories, educational institutions, independent developers, as well as education innovators. Applicants can submit their applications through developer.ff.com on FF Developer Platform. The review process will be ongoing, and once approved, orders can be placed.

FF Nova will be launched in three phases. The first phase is a limited invitation system, offering 100 units to invited developers and educational institutions, with the first 20 units available for immediate delivery. Applications must be submitted within the seven-day application period on developer.ff.com. After the application period ends, the company will announce the selection results, and eligible developers and educational institutions will then be able to place orders. Pioneer Edition users will receive priority in delivery and will also have early access to SDK, development documentation, sample projects, official technical support, as well as opportunities for co-creation with the ecosystem. Those who perform outstandingly Skills may be selected to join the FF Skills ecosystem, where they can showcase their work, distribute it, and pursue commercialization. The second phase will be open to all developers and educational institutions, showcasing the initial development results and real-world application cases; the third phase will be aimed at the general consumer market.

FF Nova Mini: A humanoid robot priced at $299, aimed at early-stage Physical AI education

FF Nova Mini is the first Physical AI education platform in the United States based on truly bipedal humanoid robots, and it is now available for sale. It integrates programmable robots, introductory courses, and teacher training into a comprehensive solution. Through activities such as real-time motion feedback, project sharing, dance choreography, and obstacle courses, it helps children understand embodiment AI and maintains their interest in learning.

Weighing less than 1 kilogram and featuring an aluminum alloy frame, it is easy for children to carry and use in the classroom. It can walk on two feet, turn around, stand up independently, maintain dynamic balance, and perform forward rolls just like a human. It also supports visual block programming and demonstration-based hands-on teaching; it's ready to be demonstrated right out of the box.

FF Nova Mini is designed for children and adolescents aged 8 and above, and is suitable for K-12 classroom settings, after-school projects, and home scenarios. Its progressive Physical AI curriculum starts with voice commands, robot action teaching, and block programming, gradually transitioning to AI concepts related to motion control. Learning paths are tailored for different age groups. The program also includes lesson plans, experiment manuals, classroom kits, and teacher training, forming a comprehensive educational solution.

In the future, FFR will collaborate with Montessori institutions, early education centers, and elementary schools to develop teaching kits, task cards, as well as observation and assessment tools. The company's goal is to create a foundational Physical AI education model that more schools and institutions can adopt and replicate. The FF Nova Mini device is priced at $299, and the accompanying courses are priced at $499.

FF EAI Education Skills Product: “Physical AI Spark Program” Course

FFR and FFAI have also jointly launched the FF EAI Education Skills product “Physical AI Spark Program Curriculum”. This product combines a “brain” with four types of Skills, covering courses, cloud services, computing power, as well as developer platforms and tools. This “brain” is responsible for understanding and making decisions, while Skills transforms these capabilities into teachable, usable, and buildable services. This product further enriches the robot education ecosystem of FF and supports educational institutions and families in carrying out Physical AI learning and practice at different stages and levels.

FF Nova Mini Physical AI Foundations Curriculum and Skills The course is priced at $499 and includes 16 live small-class sessions over a period of two months. The course emphasizes hands-on creation, teaching the robot a new skill in each session, and each assignment becomes a project that ultimately forms a personal Physical AI portfolio. Users who purchase the $499 course will also receive a exclusive coupon that can be used to buy a $299 Nova Mini device; the specific amount and terms are subject to the official sales policy.

FF Nova Strengthening Learning Developer Program and Recruiting for Developer Community

FFR and FFAI are launching the Physical AI Reinforced Learning Developer Program, providing developers with support based on the NVIDIA Isaac platform, as well as an end-to-end process from simulation training to physical hardware verification. Developers can train in parallel in the simulation environment, adjust reward functions, and apply domain randomization, before deploying the trained strategies onto the physical FF Nova for verification and optimization. Capabilities such as simulation training, data playback, reward function configuration, and model evaluation help developers continuously train and optimize robot skills, and transform their ideas into deployable capabilities.

The limited invitation recruitment for the developer community is now open. Developers can apply for an invitation code through the FF on the developer.ff.com developer platform, or they can join through invitations from existing developers. Algorithm engineers, robot developers, educators, maker enthusiasts, and corporate partners with innovative application scenarios are all eligible to apply. Community members will receive priority access to platform capabilities and development tools, technical support, training courses, and development documentation, as well as opportunities to participate in developer challenges, hackathons, and innovation project incubation. Projects that perform outstandingly may receive support from the developer support program, as well as opportunities for project showcase and commercial collaboration, thereby promoting product sales and the growth of the developer ecosystem.

All Physical AI robot products are now available for sale through both online and offline channels. The FF Education Season campaign is currently in progress, and the Robot World 2.0 version has also launched its first year-end shopping season.

FF has officially opened online and offline sales channels for its entire range of robot products. Online, FF products will be available through FF.com, FF Mall, and FF official Amazon stores. According to the sales policies of each product, customers can purchase directly, place reservations, or submit applications.

FF Education Season is currently in progress, and Physical AI educational products, courses, and packages are continuously being launched. The first year-end shopping season for Robot World 2.0 has also officially begun, and FF.com, FF Mall, and FF offer limited-time discounts at the official Amazon stores.

Offline, the direct sales team of FF and its partners serve schools, school districts, universities, research institutions, vocational education organizations, STEM training organizations, and corporate clients, providing services such as product demonstrations, educational solutions, pilot projects, and institutional procurement. Through standardized online sales and scenario-based offline sales, FF aims to bring Physical AI into more real-world application scenarios.

FFR CEO Jerry Wang stated: "The release of FF Nova and FF Nova Mini marks an important step for FFR in bringing Physical AI from the laboratory to real-world applications that developers, educational institutions, schools, and families can access. Lending on the platform of the listed company FFR and the foundation of RoboShare, we look forward to working hand in hand with developers and partners to transform creativity into deployable robotic capabilities and drive the development of the Physical AI ecosystem."

All FF robot products can be purchased at shop.ff.com.

Regarding FF EAI Robotics Ecosystem Inc.

FF EAI Robotics Ecosystem Inc. ( NASDAQ : FFR ) Originally named AIxCrypto Holdings, Inc , and AIXC, it changed its name on September 30, 2026. The company is a US-based AI robotics firm that is acquiring the FF EAI Robotics business. After the acquisition is completed, the company will focus on the research and development, manufacturing, commercialization, and deployment of intelligent robotics technologies, products, and industry solutions.

The company is committed to building a “four-core full-stack” AI ecosystem that covers the entire lifecycle of robots, including EAI Brain & Developer Platform, EAI Devices, Industry Productivity Solutions, and EAI Data Factory. Guided by the technical and product philosophies of “One Brain, Multi-forms, Multi-capabilities”, the company aims to empower humanoid, bionic, and other robot forms through a unified EAI Brain and continuously expand their multi-task, multi-scenario capabilities. This ecosystem is designed to support the entire lifecycle of robots, including research and development, deployment, data collection and training, operation, and commercial applications.

FF EAI Robotics The business has achieved commercial delivery of humanoid and bionic robot products. Through a variety of robot products, the EAI technology platform, closed-loop data capabilities, and industry solutions, this business continues to promote the large-scale application of robots in real scenarios. The company also operates RoboShare, a robot sharing and service platform that connects robot assets, service capabilities, customer needs, and ecological partners, further strengthening its robot commercialization and service ecosystem.

For more information, please visit www.ff.com.

About Faraday Future

Faraday Future ( FF ) was founded in 2014 and is an Physical AI ecosystem company headquartered in the United States. It is committed to reshaping the future of robotics and mobility solutions through AI innovation and technology. In its embodied AI robotics business, FF focuses on two main product strategies: EAI humanoid and bionic robots, as well as EAI robots for automobiles. By building an "all-in-one stack AI" ecosystem composed of EAI Brain, Developer Platform, EAI Devices, Industry Productivity Solutions, and EAI Data Factory, FF aims to create an evolutionary flywheel: scaled device delivery, data collection and training, continuous EAI Brain evolution, enhanced product capabilities, and larger-scale delivery and deployment. With this flywheel, FF hopes to maximize commercial value and drive the development of Physical AI. For more information, please visit the official website at Faraday Future: https:// www.ff.com.

FFR Forward-looking Statement

This communication and the demonstrations, press releases, investor materials, or other documents contained therein (collectively referred to as “this communication”) contain “forward-looking statements” as defined by the Private Securities Litigation Reform Act of 1995 and other securities laws, regarding FF EAI Robotics Ecosystem Inc (“FFR”, “the Company”, “we”, or “us”) and its industry. Except for statements of historical facts, all statements, including any financial projections, as well as statements regarding future events, company strategy, transformation to a robotics business, RoboShare plans, digital asset disposal plans, proposed acquisitions of FF EAI Robotics businesses, forecasts cited in this communication, changes in company names and stock codes, related financing, and expected benefits and timing of the aforementioned matters, objectives, intended actions, or results, are forward-looking statements. Such statements can typically be identified by words such as “may”, “might”, “will”, “shall”, “should”, “expects”, “plans”, “anticipates”, “could”, “intends”, “targets”, “projects”, “contemplates”, “believes”, “estimates”, “predicts”, “potential”, “goal”, “objective”, “seeks”, “likely”, “continue”, or their negative forms. However, the absence of these words does not mean that a statement is not a forward-looking statement. These statements reflect the Company’s current expectations and projections regarding future events as of the date of this communication, based on estimates and assumptions that management deems reasonable but that are inherently subject to uncertainty.FFR cannot guarantee that such forward-looking statements or financial forecasts will necessarily be accurate.

The actual results may differ significantly from those expressed or implied in the forward-looking statements due to a variety of general and specific risks and uncertainties, including but not limited to:

• Proposed acquisition transaction and PIPE: The final agreement may be terminated in accordance with its terms, and the proposed transaction may not be completed as stipulated, or may not be able to be completed at all; delivery conditions may not be met, including the completion of FFAI's internal reorganization of its robotics business, the signing of agreements with key employees, and other customary conditions; according to NASDAQ listing rules, the conversion of preferred shares issued as consideration may require shareholder approval, which may not be obtained or may be delayed; conversion restrictions and information disclosure procedures may affect the conversion time; transaction timing and implementation costs; the issuance of a large number of shares as consideration, which may lead to dilution of existing shareholders; the counterparty is the controlling shareholder of the company, and after the delivery will hold the majority of the company's issued shares, and some management members hold positions in both companies, resulting in inherent conflicts of interest in the transaction; the agreed valuation may not reflect the market value of the company's shares or the acquired business; the company's dependence on the counterparty for transition, supply, and support after delivery; the scope and enforceability of non-compete and governance arrangements; and the consequences of the transaction under NASDAQ listing rules, including NASDAQ's determination that the transaction may require the company to meet initial listing requirements regarding business consolidation, change of control, or change in the nature of the business; PIPE financing is not a condition for the completion of the transaction, and may not be completed as expected, or may not be able to be completed at all; litigation risks related to the transaction; the company's ability to integrate and operate the acquired business; and the performance of the acquired business may differ from expectations.
• Forecast: The forecasts referenced in this communication were prepared separately by the management of FFAI for the business of FF EAI Robotics. They do not reflect the company's current operations, transaction-related expenses, or the situation after the merger. The company has not independently verified these forecasts, nor has it adopted them as a guide. These forecasts were not prepared for public disclosure or in compliance with the public guidelines of the U.S. Securities and Exchange Commission or the American Institute of Certified Public Accountants regarding forward-looking financial information. No independent registered accounting firm has audited, prepared, or performed any procedures regarding these forecasts, nor has any such firm issued an opinion or provided any form of assurance regarding them. The estimates and assumptions reflected in these forecasts are inherently uncertain and may change as a result of due diligence and reviews by the company's special committee and its financial advisors. Actual results are likely to differ and may vary significantly.
• Liquidity, Capital, and Sustainable Operations: The company has limited cash and liquidity, and has a history of operating losses and negative operating cash flows; there is significant uncertainty regarding the company's ability to sustain its operations, as mentioned in the periodic reports; the company needs to obtain additional financing under acceptable conditions, which may not be possible, and such additional financing could lead to a significant dilution of existing shareholders, including any financing related to the proposed transaction, which may not be completed or may have conditions that are not as favorable as expected; the company's ability to fund its operations before and after disposing of its digital asset positions; and the company's ability to meet NASDAQ's ongoing listing requirements, including shareholder equity, minimum stock price, and other applicable criteria.
• Strategic Transformation and Disposal of Digital Assets: Risks associated with fundamental changes in the company's business strategy and the reallocation of resources from a digital asset portfolio to robotics-related businesses; whether the company can dispose of its digital asset positions in an orderly manner under acceptable conditions; the potential for disposal proceeds to be significantly lower than book value due to price fluctuations, market liquidity, timing of execution, custody or transfer restrictions, or other constraints; tax, accounting, and regulatory implications of such disposals; the continued volatility and regulatory uncertainties surrounding digital assets and cryptocurrencies during the exit period; a significant portion of the company's assets being concentrated in a single equity investment, including investments in related parties, along with related issues such as insufficient liquidity, valuation uncertainties, holding periods, and transfer restrictions; and risks arising from the company's relationships and agreements with related parties and major shareholders.
• Robotics Business: The company has limited experience in robot operation and commercialization, and lacks meaningful revenue records; RoboShare is still in its early stages, so customer demand, repurchase needs, pricing, utilization rates, or unit economics may not develop as expected; the company relies on a few customers, a single initial geographic market, and individual activities or collaborations, and any loss of such relationships or changes in terms could have a disproportionate impact; the company depends on third-party robot owners, operators, suppliers, original equipment manufacturers, and local partners, as well as their willingness to provide robots to the platform; there are risks related to the availability, cost, quality, maintenance, transportation, insurance, and technological obsolescence of robots and related equipment, as well as supply chain, tariffs, and trade measures that affect these factors; in addition, there are concerns regarding the company's ability to expand into more markets and to attract and retain participants on both sides of the platform.
• Operation, Safety, and Liability: When humanoid robots, quadruped robots, and other autonomous or semi-autonomous machines are operated in the vicinity of performers, employees, guests, and the public, especially at live events and in uncontrolled environments, there is a risk of property damage, personal injury, or death; product liability, venue liability, negligence, and related claims; as well as the adequacy, scope, availability, and cost of coverage under the company's insurance and contractual compensation from customers, owners, and suppliers; the allocation of liability among the company, robot owners, venue operators, event organizers, and customers; licensing, permits, occupational safety, and specific regulatory requirements for events; and the reputational consequences of any safety incidents.
• Technology, data, and intellectual property: system, network, telecommunications, or service interruptions, failures, defects, or cyberattacks; limitations in the performance, reliability, and autonomy of robotic systems and the software, models, and networks that support them; the company's ability to collect, use, store, transmit, and protect personal information during the deployment of robots, including images and any biometric or near-biometric data, as well as the evolving privacy, biometrics, and artificial intelligence laws and regulations in the jurisdictions where the company operates or intends to operate; the company's ability to acquire, maintain, protect, and enforce intellectual property rights, as well as its ability to defend against claims of infringement or misappropriation by third parties; and the company's dependence on third-party technologies, platforms, and licenses.
• Legal, regulatory, and other general risks: The regulatory environment in the industry in which the company operates and the jurisdiction in which it is located; current or future laws and regulations, as well as new interpretations of existing laws and regulations, including those applicable to digital assets, robots, autonomous systems, consumer protection, advertising, and endorsements; the company's market arrangements or the way they are described may be interpreted by regulatory authorities or courts in a manner different from what the company expects; counterparty non-performance of contractual obligations; litigation, regulatory inquiries, investigations, and law enforcement actions, along with their costs and outcomes; business, economic, market, and capital market conditions; industry competition; changes in market demand for and pricing of the company's products and services; the company's ability to promptly define, design, and launch new products and services that meet customer needs; the company's ability to attract, retain, and motivate qualified employees (including key management personnel); the company's ability to manage growth and transformation; and the company's ability to maintain effective internal controls over financial reporting and disclosure procedures.

The above factors are not exhaustive. For more risks and uncertainties, please refer to the documents submitted by the company to the U.S. Securities and Exchange Commission (“SEC”), including the 10-K annual reports, 10-Q quarterly reports for the fiscal year ending December 31, 2025, and subsequent documents. These relevant documents can be found at the website SEC www.sec.gov. Investors are advised to review the disclosures in these reports regarding liquidity, capital resources, and ongoing operations.

The forward-looking statements in this communication are only valid as of the date of this communication. Except as required by law, FFR or any other party has no obligation to update or revise any forward-looking statements or financial projections contained in this communication due to new information, future events, or other reasons. This communication is for informational purposes only and does not constitute an offer to sell or an invitation to buy, nor does it constitute investment, tax, or legal advice, or any investment recommendation. It also does not take into account the investment objectives or financial circumstances of any individual. FFR reserves the right to modify or replace all or part of the information contained in this communication at any time without notice to any recipients. Readers should not rely too heavily on these forward-looking statements. This caution is made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, and these forward-looking statements are intended to be protected under those provisions.

FFAI Forward-looking Statement

Significant factors that may affect the actual results include, but are not limited to: the company's ability to continue operating and improve its liquidity and financial condition; the company's ability to fulfill its current obligations, which it currently does not possess; sufficient capital stock required to meet current obligations and implement its strategy; the willingness of convertible bond investors to provide funding for the company; market demand for the company's robotic products; competition in the robotics industry, including competitors that far surpass the company in terms of experience, capital, and brand awareness; the company's ability to establish an educational ecosystem that serves both the B2C consumer market and the B2B institutional education market; the acceptance of the company's educational robotic products by teachers and students; the company's ability to expand its robotic products to more markets; the company's reliance on a single OEM for most of its robotic products; the company's dependence on China for all of its robotic products; the possibility that the U.S. federal government may ban the import of Chinese robotic products; the company's ability to comply with all applicable U.S. rules and regulations for its planned robotic products; whether robotic OEM suppliers can deliver products to the company in a timely manner; uncertainties regarding tariffs on imported products, especially those from China; and whether the company will be able to complete agreements with FF EAI Robotics Ecosystem Inc.(FFR) Transactions regarding the sale of robotics business; the demand from automobile dealers for robotic products; the company's ability to obtain sales certification for FX vehicle models; the company's ability to raise necessary funds to implement the FX strategy, which requires a substantial amount of capital; whether the company can obtain occupancy certificates covering all areas of its Hanford facilities; the company's ability to correct significant deficiencies in internal financial reporting controls and the risks associated with restatements of previously published consolidated financial statements; the company's limited operating history and significant growth obstacles it faces; the company's history of continuous losses and the expectation of continued losses in the future; the success of the wage reduction plan; the company's ability to execute vehicle development and marketing plans and the timing of these development projects; the company's ability to implement plans to enter the robotaxi and cybercab industries; the company's estimates of the vehicle market size and the costs of bringing vehicles to market; the market acceptance speed and extent of the company's vehicles; the company's ability to cover future warranty claims; the success of other competing manufacturers; the performance and safety of the company's vehicles; current and potential litigation involving the company; whether the company can obtain, meet the prerequisites, and complete the financing described elsewhere in the company's documents; the outcome of future financing efforts, with any failure potentially leading the company to seek protection under the Bankruptcy Law; the company's debts; the company's ability to use the “at-the-market” issuance plan; insurance coverage; general economic and market conditions that affect demand for the company's products; the possible negative impacts of reverse stock splits; potential cost, employee, and salary reduction measures that may be insufficient or fail to achieve expected results; circumstances beyond the company's control, such as natural disasters, climate change, health epidemics and pandemics, terrorist attacks, and social unrest; risks related to the company's operations in China; the success of the remedial measures taken by the company in response to the findings of the special committee investigation;The company's dependence on suppliers and contract manufacturers; the company's ability to develop and protect its technology; the company's capability to prevent cybersecurity risks; as well as the company's ability to attract and retain employees, adverse developments in existing legal proceedings or the initiation of new legal proceedings, fluctuations in the company's stock price, the company's ability to maintain a stock price above $1.00, and the company's ability to remain compliant with NASDAQ listing requirements. Investors should carefully consider the aforementioned factors, as well as other risks and uncertainties described in the "Risk Factors" section of the company's 10-Q reports for the quarter ending June 30, 2026, 10-Q report for the quarter ending March 31, 2026, 10-K report for March 31, 2026, which were submitted to SEC, and other documents that the company submits from time to time to SEC.