FF Nova, America’s first humanoid robot priced below $2,500. It is an entry-level EAI humanoid robot and a Physical AI lab in a backpack. Designed for developers and the education ecosystem, Nova enables development anytime, anywhere. It brings together reinforcement learning, autonomous intelligence, model-driven capabilities, a native developer platform, and a Skills Store in one humanoid robot.The FF Nova device is priced at $2,490, and the Developer Skills Package is priced at $390. Nova will be launched in three phases. Phase One is by invitation only. Phase Two opens to all developers and educational institutions. Phase Three is the full consumer launch. Phase One is limited to 100 units, and the first 20 will be delivered immediately.FF Nova Mini, America’s first foundational Physical AI education platform built around a true bipedal humanoid, also goes on sale. The device is priced at $299, and the accompanying curriculum at $499. Designed for children and teenagers, it offers an entry point to Physical AI education through hands-on activities that build their understanding of embodied AI.FFR and FFAI have launched the FF EAI Education Skills product, the “Physical AI Spark Program Curriculum,” further enriching its robotics education ecosystem. The product supports educational institutions and families with Physical AI learning and hands-on practice at different stages and levels.FFR and FFAI have launched the Physical AI Reinforcement Learning Developer Program for FF Nova, providing support for reinforcement learning through the NVIDIA Isaac platform. It has also opened limited, invitation-only recruitment for its developer community. Developers may apply for an invitation code through the platform or receive one from an existing developer. Outstanding projects may be eligible for support through the Developer Support Program, helping product sales and the developer ecosystem grow together.The full robotics lineup is open for sale through online and offline channels. Online, products will roll out through FF.com, FF Mall, and the official Amazon store. FF Education Season is underway, with Physical AI products, courses, and packages continuing to launch. Robot World 2.0’s first year-end shopping season has begun, with limited-time online offers. FF’s direct sales team and partners will serve business and consumer customers with product experiences, demos, solutions, pilot programs, and institutional purchasing services.FFAI and the American Institute of Aeronautics and Astronautics (AIAA) jointly hosted an engineering and frontier-technology symposium at FFAI headquarters. More than 50 scholars and professors from leading universities and the AI community were invited to discuss data insights, data mining, and other frontier topics. Participants experienced the FF EAI Robotics Education Ecosystem and the “Four-Core Full-Stack AI” ecosystem and products, including the EAI Data Factory, and discussed joining the FFR Developer Platform and contributing to ecosystem development.FFR and FFAI signed definitive agreements for FFR to acquire FFAI’s robotics assets and business in an all-stock transaction at an approximate $200 million valuation. FFR will issue shares at $2.246 per share, representing an approximately 50% premium. Upon closing, FFR will become the No. 1 U.S.-listed pure-play “Four-Core Full-Stack AI” humanoid and bionic EAI robotics ecosystem company.

LOS ANGELES, Oct. 15, 2026 /PRNewswire/ — FF EAI Robotics Ecosystem Inc. (NASDAQ: FFR) (“FFR” or the “Company”), a U.S.-based Embodied AI (“EAI”) robotics company, today announced that it and Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) (“Faraday Future” or “FF”) jointly held a new product launch event. The companies announced that two new robots have officially joined the “One Brain, Multi-forms, Multi-capabilities” FF Robot World 2.0: FF Nova, an entry-level embodied AI humanoid robot priced below $2,500, and FF Nova Mini, a humanoid robot for foundational Physical AI education.

The companies also launched the FF EAI Education Skills product, the “Physical AI Spark Program” Curriculum, and introduced the FF Nova Physical AI Reinforcement Learning Developer Program, together with limited, invitation-only recruitment for the Nova Developer Community.

FFR and FFAI Sign Definitive Agreements to Combine FFAI’s Robotics Business

FFR and FFAI signed definitive agreements on October 12, 2026, for FFR to acquire FFAI’s robotics assets and business in an all-stock transaction. The parties agreed on a valuation of approximately $200 million for FFAI’s robotics business and approximately $60 million for FFR on a fully diluted basis. FFR will issue shares to FFAI at $2.246 per share, representing a premium of approximately 50% to FFR’s closing price of $1.50 on the signing date of October 12, 2026.

Upon closing, FFR will become the first U.S.-listed pure-play “Four-Core Full-Stack AI” humanoid and bionic EAI robotics ecosystem company, targeting to remain a top-three overall ranking in the EAI robotics industry over the next five years and make FFR one of the most valuable EAI companies in the Physical AI era. FFR will also continue to advance synergies between its existing RoboShare business and its robotics business across sales, leasing, deployment and recurring services.

FFR has secured up to $10 million in its first round of PIPE financing. The financing is priced at market, with no discount or no warrants, and low associated financing costs, and is structured to minimize equity dilution. To best support investor interests, FFR limited the offering to approximately $10 million to meet its current funding needs while reducing unnecessary equity dilution.

Upon closing, on an as-converted, fully diluted basis, FFAI will hold approximately 65.7% of FFR, with all newly issued shares received in this transaction subject to an 18-month lockup. Management and employees will hold approximately 18.2%, PIPE investors approximately 5.5%, and other FFR stockholders approximately 10.7%. PIPE investors may not sell their shares within six months or before the resale registration statement becomes effective. FFAI, management and employees, and PIPE investors will collectively hold approximately 89.3%. Excluding these holdings, the freely tradable public float will consist of approximately 13 million shares, representing approximately 10.7% of the total.

The signing of these agreements is expected to provide benefits in three key areas. From the capital perspective, the relatively limited public float is expected to reduce the near-term supply of freely tradable shares, supporting the goal of maximizing stockholder value. From the financial perspective, FFR is expected to have almost no debt after closing and move forward with a lighter structure. The income statement, balance sheet, and cash flow statement will be cleaner and provide greater visibility into its significant value. From the business perspective, the transaction is expected to accelerate the realization of FFR’s strong operating fundamentals.

 FF Nova, America’s First EAI Humanoid Robot Under $2,500, an Entry-Level EAI Robot and Physical AI Lab in a Backpack for Developers and the Education Ecosystem; $2,490 for Robot Device, $390 for Developer Skills Package

FF Nova is designed for developers, technology enthusiasts and Physical AI thought leaders, as well as educational institutions, education research centers, training providers and students interested in Physical AI.

FF Nova combines an edge computing platform that is hard to rival in its class with a multimodal sensor array. LiDAR, wide-angle vision, depth sensing, and a circular microphone array work together to support the robot’s capabilities. With 20 degrees of freedom across its body, Nova is a true bipedal humanoid that can walk, turn, wave and get back on its feet after being knocked over. It has two modes of movement: walking on two feet to interact with people, or riding on its detachable base for autonomous navigation.

Nova connects to a large voice AI model to support natural conversation and voiceprint recognition. It also supports AI Agent integration, enabling a cloud-based intelligent agent to have a physical body in the real world.

Nova provides native support for the developer platform, including a fully open SDK, a ROS 2 development workflow, and ongoing over-the-air updates. Nova will connect the full Sim2Real reinforcement learning pipeline and provide a Skills Store and developer community so that developer-created capabilities can be shared, reused and potentially monetized in the future.

Designed for developers and the education ecosystem, FF Nova supports development anytime, anywhere. It brings together reinforcement learning, autonomous intelligence, model-driven capabilities, a native developer platform and a Skills Store—five capabilities in one humanoid robot.

Online applications and limited, invitation-only sales for FF Nova are now open. The initial group includes universities and research labs, educational institutions, independent developers, and education innovators. Applicants may apply through the FF Developer Platform at developer.ff.com. Applications are reviewed on a rolling basis, and approved applicants may place orders.

FF Nova will be launched in three phases. Phase One is a limited, invitation-only release of 100 units for invited developers and educational institutions, with the first 20 units ready for immediate delivery. Applications must be submitted through developer.ff.com within the seven-day application window. Following the close of the application window, the company will announce the invitation results. Eligible developers and educational institutions may then place orders. Pioneer Edition users will receive priority delivery, early access to the SDK and developer documentation, sample projects, official technical support, and opportunities to co-create with the ecosystem. Outstanding Skills may be selected for the FF Skills ecosystem, where developers can showcase, distribute, and monetize them. Phase Two will open to all developers and educational institutions, which will show the first development results and examples of real-world applications, followed by the full consumer launch in Phase Three.

FF Nova Mini: A $299 Humanoid Robot for Early Physical AI Education, paired with a $499 Curriculum That Introduces Children and Teens to Embodied AI Through Hands-On Learning

FF Nova Mini is America’s first foundational Physical AI education platform built around a true bipedal humanoid and is available for purchase starting today. It brings together a programmable robot, introductory courses, and teacher training in one complete solution. Through real-time movement feedback, project sharing, dance choreography, obstacle courses, and other activities, it helps children understand embodied AI and sustain their interest in learning.

Weighing less than one kilogram, FF Nova Mini features an aluminum-alloy frame that makes it easy for children to carry and use in class. It can walk on two legs with human-like movement, turn, stand up on its own, maintain dynamic balance, and perform a forward roll. It also supports visual block-based programming and hands-on teaching by demonstration and is ready for a demo right out of the box.

FF Nova Mini is designed for children and teenagers ages eight and up, for use in K–12 classrooms, after-school programs, and at home. Its step-by-step Physical AI curriculum progresses from voice commands, teaching robot movements, and block-based programming to concepts in AI and motion control, with a learning path tailored to different age groups. The offering will also include lesson plans, experiment manuals, classroom kits, and teacher training, bringing together a complete education solution.

Going forward, FFR will work with Montessori organizations, early childhood education providers, and elementary schools to develop teaching kits, work cards, and observation and assessment tools. The 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 curriculum at $499.

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

FFR and FFAI also jointly launched the FF EAI Education Skills product, the “Physical AI Spark Program Curriculum.” It pairs one brain with four types of Skills covering curriculum, cloud services, computing power, and developer platform and tools. The brain handles understanding and decision-making. Skills turn those capabilities into services that can be taught, used, and built on. The product further enriches FF’s robotics education ecosystem and supports educational institutions and families with Physical AI learning and hands-on practice at different stages and levels.

The FF Nova Mini Physical AI Foundations Curriculum and Skills are priced at $499 and include 16 live small-group classes over two months. The curriculum emphasizes hands-on creation. Each class teaches the robot one new thing, and every assignment becomes a project, building up to a personal Physical AI portfolio. Purchasers of the $499 course will also receive an exclusive cash voucher toward the purchase of the $299 Nova Mini device. The voucher amount and terms are subject to the official sales policy.

FF Nova Reinforcement Learning Developer Program and Developer Community Recruitment to Bring Embodied AI from the Lab to the Real World

FFR and FFAI are launching a Physical AI Reinforcement Learning Developer Program, offering developers support based on the NVIDIA Isaac platform and an end-to-end workflow from simulation training to validation on physical hardware. Developers can conduct parallel training in simulation, tune reward functions and apply domain randomization, then deploy trained policies on a physical FF Nova for validation and optimization. Capabilities including simulation training, data replay, reward-function configuration and model evaluation enable developers to continuously train and refine robot skills and turn ideas into deployable capabilities.

Limited, invitation-only recruitment for the developer community is now open. Developers can request an invitation code through FF’s developer platform at developer.ff.com or join through an invitation from an existing developer. AI algorithm engineers, robotics developers, educators, maker enthusiasts and enterprise partners with innovative application scenarios are invited to apply. Community members will have opportunities for priority access to platform capabilities and development tools; technical support, training courses and development documentation; and participation in developer challenges, hackathons and innovation project incubation. Outstanding projects may qualify for support through the developer support program and opportunities for project showcases and commercial partnerships, helping advance product sales and the growth of the developer ecosystem.

Full Physical AI Robotics Lineup Is Now Available Through Online and Offline Channels, FF Education Season is now underway as Robot World 2.0 Kicks Off Its First Year-End Shopping Season

FF has officially opened online and offline sales channels for its full lineup of robotics products. Online, FF products will be rolled out through FF.com, FF Mall, and FF’s official Amazon store. Depending on the sales policy for each product, customers may purchase directly, make a reservation, or submit an application.

FF Education Season is now underway, with Physical AI education products, courses, and packages continuing to launch. Robot World 2.0’s first year-end shopping season has also officially begun, with limited time offers available through FF.com, FF Mall, and FF’s official Amazon store.

Offline, FF’s direct sales team and partners serve schools, school districts, universities, research institutions, vocational education providers, STEM training organizations, and enterprise customers. Services include product experiences, demos, education solutions, pilot programs, and institutional purchasing. Through standardized online sales and scenario-based offline sales, FF aims to bring Physical AI into more real-world applications.

 FFR Chief Executive Officer Jerry Wang said, “The launch of FF Nova and FF Nova Mini marks an important step for FFR in bringing Physical AI from the laboratory to real-world applications accessible to developers, educational institutions, schools, and families. Building on FFR’s public-company platform and RoboShare foundation, we look forward to working with developers and partners to turn ideas into deployable robot capabilities and advance the Physical AI ecosystem.”

All FF robotics products are available for purchase at: shop.ff.com.

About FF EAI Robotics Ecosystem Inc.

FF EAI Robotics Ecosystem Inc. (NASDAQ: FFR) (renamed from AIxCrypto Holdings, Inc. and AIXC, effective September 30, 2026) is a U.S.-based Embodied AI (EAI) robotics company that is in the process of acquiring the FF EAI Robotics business. Upon completion of the acquisition, the Company will focus on the research and development, manufacturing, commercialization, and deployment of intelligent robotic technologies, products, and industry solutions.

The Company is committed to building a “Four-Core Full-Stack” AI ecosystem covering the full lifecycle of robotics, consisting of EAI Brain & Developer Platform, EAI Devices, Industry Productivity Solutions, and EAI Data Factory. Guided by the technology and product philosophy of “One Brain, Multi-forms, Multi-capabilities,” the Company aims to empower humanoid, biomimetic, and other robotic form factors through a unified EAI Brain, while continuously expanding their multi-task and multi-scenario capabilities. The ecosystem is designed to support the full robotics lifecycle, including R&D, deployment, data collection and training, operations, and commercial applications.

The FF EAI Robotics business has already achieved commercial deliveries of humanoid and biomimetic robotic products. Through its multi-form-factor robotic products, EAI technology platform, closed-loop data capabilities, and industry solutions, the business continues to advance the scaled adoption of robotics across real-world applications. The Company also operates RoboShare, a robot-sharing and services platform designed to connect robotic assets, service capabilities, customer demand, and ecosystem partners, further strengthening its robotics commercialization and service ecosystem.

For more information, visit www.ff.com.

About Faraday Future

Founded in 2014, Faraday Future (FF) is a U.S.-based Physical AI ecosystem company dedicated to reshaping the future of robotics and mobility solutions through AI innovation and technologies. FF focuses on two major product strategies within the Embodied AI (EAI) robotics business: EAI humanoid and bionic robots, and EAI automotive-focused robots. By building a “Four-Core Full-Stack AI” ecosystem of EAI Brain and 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 evolution of the EAI Brain, stronger product capability, and even larger-scale delivery and deployment. Through this flywheel, FF seeks to maximize its commercial value and lead to the advancement of Physical AI. For more information, please visit Faraday Future’s official website: https://www.ff.com/

FFR Forward-Looking Statements

This communication, including any presentation, press release, investor materials or other document of which it forms a part (this “Communication”), contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, as amended, and other securities laws, regarding FF EAI Robotics Ecosystem Inc. (“FFR,” the “Company,” “us,” “our,” or “we”) and our industry. All statements, whether written or oral, other than statements of historical fact, including any financial projections and any statements regarding future events, our strategy, our transition to robotics operations, our plans for RoboShare, our digital asset disposition plans, the proposed acquisition of the FF EAI Robotics business, the projections referenced in this communication, our name and ticker change, any related financing, and the anticipated benefits and timing of the foregoing, our objectives, expectations, or anticipated actions or results, are forward-looking statements. You can often identify forward-looking statements 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,” or “continue,” or the negative of these terms or other similar expressions; the absence of these words does not mean a statement is not forward-looking. These statements reflect our current expectations and projections about future events as of the date of this Communication and are necessarily based on estimates and assumptions that, while considered reasonable by management, are inherently uncertain. FFR can give no assurance that such forward-looking statements or financial projections will prove to be correct.

Actual results may differ materially from those expressed or implied by these forward-looking statements as a result of numerous risks and uncertainties, both general and specific, including, but not limited to:

The proposed acquisition transaction and PIPE. The definitive agreements may be terminated in accordance with their terms, and the proposed transactions may not be completed on the terms described or at all; the conditions to closing, including the completion of FFAI’s internal restructuring of the robotics business, the execution of key employee agreements and other customary conditions, and the parties’ ability to satisfy them; the risk that the stockholder approval required under Nasdaq listing rules for the conversion of the preferred stock issued as consideration is not obtained or is delayed, and the effect of the conversion restrictions and the information statement process on the timing of conversion; the timing of the transaction and the costs of pursuing it; the issuance of a substantial number of shares as consideration and the resulting dilution to existing stockholders; the fact that the counterparty is our controlling stockholder, that it will hold a substantial majority of our outstanding shares following closing, that certain members of management serve both companies, and the conflicts of interest inherent in the transaction; the risk that the agreed valuations do not reflect the market value of our shares or of the acquired business; our dependence on the counterparty for transition, supply and support following any closing; the scope and enforceability of the non-competition and governance arrangements; the consequences of the transaction under Nasdaq listing rules, including the possibility that Nasdaq determines that the transaction requires us to satisfy initial listing requirements in connection with a business combination, change of control or change in the nature of our business; the risk that the PIPE financing, on which the transaction is not conditioned, is not completed on the anticipated terms or at all; the risk of litigation relating to the transaction; our ability to integrate and operate the acquired business; and the risk that the acquired business performs differently than anticipated.

Projections. The projections referenced in this communication were prepared by FFAI management for the FF EAI Robotics business on a standalone basis and do not reflect our existing business, transaction-related expenses or the combined company. We have not independently verified them or adopted them as guidance. They were not prepared with a view toward public disclosure or toward compliance with the published guidelines of the Securities and Exchange Commission or the American Institute of Certified Public Accountants regarding prospective financial information, and no independent registered public accounting firm has examined, compiled or performed any procedures with respect to them, and none expresses an opinion or any other form of assurance with respect to them. The projections reflect estimates and assumptions that are inherently uncertain and subject to change, including through due diligence and the review of our special committee and its financial advisor. Actual results are likely to differ, and may differ materially.

Liquidity, capital and going concern. Our limited cash and liquidity position and our history of operating losses and negative operating cash flow; substantial doubt regarding our ability to continue as a going concern, as described in our periodic reports; our need to obtain additional financing on acceptable terms or at all, and the substantial dilution to existing stockholders that additional financing may cause, including any financing completed in connection with the proposed transaction, which may not be completed or may be on less favorable terms than anticipated; our ability to fund operations pending and following the disposition of our digital asset positions; and our ability to satisfy the continued listing requirements of The Nasdaq Stock Market, including stockholders’ equity, minimum bid price and other applicable standards.

Our strategic transition and the disposition of digital assets. Risks associated with a fundamental shift in our business strategy and the redeployment of resources from a digital asset treasury strategy to robotics operations; our ability to execute the disposition of our digital asset positions in an orderly manner and on acceptable terms; the risk that amounts realized on disposition are materially less than carrying value as a result of price volatility, market depth, execution timing, custody or transfer constraints, or other limitations; tax, accounting and regulatory consequences of the dispositions; the continued volatility and regulatory uncertainty associated with digital assets and cryptocurrencies during the wind-down period; the concentration of a substantial portion of our assets in a single equity investment, including an investment in a related party, and the illiquidity, valuation uncertainty, holding-period and transfer restrictions associated with that investment; and risks arising from our relationships and agreements with related parties and significant stockholders.

Our robotics operations business. Our limited operating history in robotics operations and commercialization and the absence of a meaningful revenue history; the early stage of RoboShare and the risk that customer demand, repeat demand, pricing, utilization or unit economics do not develop as anticipated; our dependence on a small number of customers, on a single initial geographic market, and on individual events or engagements, and the risk that the loss of, or a change in the terms of, any such relationship has a disproportionate effect; our dependence on third-party robot owners, operators, suppliers, original equipment manufacturers and local partners, and on their willingness to make robots available on our platform; risks relating to the availability, cost, quality, maintenance, transport, insurance and technological obsolescence of robots and related equipment, and to supply chains, tariffs and trade measures affecting them; and our ability to expand into additional markets and to attract and retain participants on both sides of our marketplace.

Operations, safety and liability. Risks of property damage, personal injury or death arising from the operation of humanoid robots, quadrupeds and other autonomous or semi-autonomous machines in proximity to performers, employees, guests and the public, including at live events and in uncontrolled environments; product liability, premises liability, negligence and related claims and the adequacy, scope, availability and cost of our insurance coverage and of contractual indemnities from customers, owners and suppliers; the allocation of responsibility among us, robot owners, venues, event producers and customers; permitting, licensing, occupational safety and event-specific regulatory requirements; and the reputational consequences of any safety incident.

Technology, data and intellectual property. Systems, network, telecommunications or service disruptions, failures, defects or cyber-attacks; the performance, reliability and autonomy limitations of robotic systems and of the software, models and networks that support them; our collection, use, storage, transmission and protection of personal information, including images and any biometric or biometric-adjacent data captured in the course of robot deployments, and evolving privacy, biometric and artificial intelligence laws and regulations across the jurisdictions in which we operate or intend to operate; our ability to obtain, maintain, protect and enforce our intellectual property rights and to defend against third-party claims of infringement or misappropriation; and our reliance on third-party technology, platforms and licenses.

Legal, regulatory and general. The regulated industries and jurisdictions in which we operate; current or future laws or regulations and new interpretations of existing laws or regulations, including those applicable to digital assets, robotics, autonomous systems, consumer protection, advertising and endorsements; the risk that our marketplace arrangements, or the manner in which they are described, are characterized differently than we intend by regulators or courts; the failure of counterparties to perform their contractual obligations; litigation, regulatory inquiries, investigations and enforcement actions, and their costs and outcomes; business, economic, market and capital-market conditions; competition in our industry; changes in market demand for, and the pricing of, our products and services; our ability to define, design and release new products and services in a timely manner that meet customer needs; our ability to attract, retain and motivate qualified personnel, including key management; our ability to manage our growth and our transition; and our ability to maintain effective internal control over financial reporting and disclosure controls and procedures.

This list of factors is not exhaustive. Additional risks and uncertainties are described more fully in our filings with the U.S. Securities and Exchange Commission (the “SEC”), including our Annual Report on Form 10-K for the year ended December 31, 2025, our Quarterly Reports on Form 10-Q, and our subsequent filings, which are available on the SEC’s website at www.sec.gov. Investors are urged to review the liquidity, capital resources and going concern disclosures contained in those reports.

The forward-looking statements in this Communication speak only as of the date hereof. Except as required by law, neither FFR nor any other person undertakes any obligation to update or revise any forward-looking statement or financial projection set out herein, whether as a result of new information, future events or otherwise. This Communication is provided for informational purposes only, does not constitute an offer to sell or the solicitation of an offer to buy any security, and does not constitute investment, tax or legal advice or any investment recommendation, and does not take into account the investment objectives or financial situation of any person. FFR reserves the right to amend or replace the information contained herein, in whole or in part, at any time, and undertakes no obligation to notify any recipient thereof. Readers are cautioned not to place undue reliance on these forward-looking statements. This caution is made under, and these forward-looking statements are intended to be covered by, the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995.

FFAI FORWARD-LOOKING STATEMENTS

Important factors that may affect actual results or outcomes include, among others: the Company’s ability to continue as a going concern and improve its liquidity and financial position; the Company’s ability to pay its outstanding obligations, which it currently lacks; the availability of sufficient share capital to meet its current obligations and execute on its strategy; the willingness of convertible debt investors to fund the Company; demand for the Company’s robotics products; competition in the robotics industry, which includes companies with far superior experience, funding and name recognition; the ability of the Company to build an EAI education ecosystem that serves both the B2C consumer market and the B2B institutional education market; the acceptance by teachers and students of the Company’s robotics products in the education market; the ability of the Company to expand into additional markets for its robotics products; the Company’s reliance on a single OEM for most of its robotics products; the Company’s reliance on Chinese OEMs for all of its robotics products; the possibility of the federal government banning imports of Chinese robotics products; the Company’s ability to get the planned robotics products to comply with all applicable U.S. rules and regulations; the ability of the robotics OEM to timely supply robotics to the Company; tariff uncertainty for imported products, particularly from China; the ability of the Company to close its transaction with FF EAI Robotics Ecosystem Inc. (FFR) for the sale of its robotics business; demand from automobile dealers for robotics products; the Company’s ability to homologate FX vehicles for sale; the Company’s ability to secure the necessary funding to execute on the FX strategy, which is substantial; the Company’s ability to secure an occupancy certificate covering all of its Hanford facility; the Company’s ability to remediate its material weaknesses in internal control over financial reporting and the risks related to the restatement of previously issued consolidated financial statements; the Company’s limited operating history and the significant barriers to growth it faces; the Company’s history of substantial losses and expectation of continued losses; the success of the Company’s payroll expense reduction plan; the Company’s ability to execute on its plans to develop and market its vehicles and the timing of these development programs; the Company’s ability to execute on its plans to enter the robotaxi and cybercab industries; the Company’s estimates of the size of the markets for its vehicles and cost to bring those vehicles to market; the rate and degree of market acceptance of the Company’s vehicles; the Company’s ability to cover future warranty claims; the success of other competing manufacturers; the performance and security of the Company’s vehicles; current and potential litigation involving the Company; the Company’s ability to receive funds from, satisfy the conditions precedent of and close on the various financings described elsewhere by the Company; the result of future financing efforts, the failure of any of which could result in the Company seeking protection under the Bankruptcy Code; the Company’s indebtedness; the Company’s ability to use its “at-the-market” program; insurance coverage; general economic and market conditions impacting demand for the Company’s products; potential negative impacts of a reverse stock split; potential cost, headcount and salary reduction actions may not be sufficient or may not achieve their expected results; circumstances outside of the Company’s control, such as natural disasters, climate change, health epidemics and pandemics, terrorist attacks, and civil unrest; risks related to the Company’s operations in China; the success of the Company’s remedial measures taken in response to the Special Committee findings; the Company’s dependence on its suppliers and contract manufacturer; the Company’s ability to develop and protect its technologies; the Company’s ability to protect against cybersecurity risks; and the ability of the Company to attract and retain employees, any adverse developments in existing legal proceedings or the initiation of new legal proceedings; thevolatility of the Company’s stock price; the ability of the Company to maintain its stock price above $1.00; and the ability of the Company to maintain compliance with Nasdaq regulations for continued listing. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of the Company’s Form 10-Q for the quarter ended June 30, 2026, filed with the SEC on August 13, 2026; the quarter ended March 31, 2026, filed with the SEC on May 14, 2026; and Form 10-K filed with the SEC on March 31, 2026, and other documents filed by the Company from time to time with the SEC.

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