Core Viewpoint - Humanoid Global Holdings Corp. has appointed Saman Farid to its Investment Advisory Board, aiming to enhance its investment strategies in the humanoid robotics and embodied AI sector [1][4]. Group 1: Appointment of Saman Farid - Saman Farid is the founder and CEO of Formic Technologies Inc., which focuses on providing robotics-as-a-service to help U.S. manufacturing businesses improve labor and productivity through automation [2]. - Farid has extensive experience in global investments in artificial intelligence and robotics, having previously led Baidu Ventures' global investment fund and founded Comet Labs [3]. - His role at Humanoid Global will involve advising on investment and capital allocation, including deal origination, investment analysis, due diligence, and portfolio monitoring [4]. Group 2: Advisory Agreement Details - The advisory agreement with Saman Farid is set for a term of twenty-four months starting from October 27, 2025, with the option for either party to terminate at any time [5]. - The company has granted Farid 25,000 incentive stock options at an exercise price of $1.31, vesting over a year, and 25,000 restricted share units that will vest immediately [6]. Group 3: Company Overview - Humanoid Global Holdings Corp. is a publicly traded investment issuer focused on building a portfolio of pioneering companies in the humanoid robotics and embodied AI sector, providing liquidity and access to an actively managed portfolio [7]. - The company aims to support transformative technologies through capital and strategic consultation, including go-to-market strategies and regulatory pathways [7].
Humanoid Global Welcomes Saman Farid to its Investment Advisory Board
Globenewswireยท2025-10-27 08:00