Robo.ai ends $1M Chinasky stake acquisition
Robo.ai Inc. has terminated its planned US$1,000,000 share-based acquisition of a 51% stake in Chinasky Car Trading FZE before any shares, payments or transfers occurred.
Rhea-AI Filing Summary
Robo.ai Inc. (AIIO) reports that its planned acquisition of 51% of Chinasky Car Trading FZE has been terminated. Roboai’s indirectly wholly owned subsidiary, Roboai Investments L.L.C-FZ, had agreed on February 19, 2026 to acquire this stake for US$1,000,000, payable in 7,388,799 Class B ordinary shares on a pre-reverse stock split basis.
On September 10, 2026, the purchaser delivered a notice terminating the share purchase agreement under its contractual terms, with termination effective immediately. As of that date, no consideration shares or other securities had been issued, no shares of the target had been transferred, and no payments of any kind had been made between the parties.
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Key Figures
Key Terms
pre-reverse stock split basis financial
foreign private issuer regulatory
FAQ
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