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Faraday Future (NASDAQ: FFAI) announced a strategic investment of $41 million in Qualigen Therapeutics (NASDAQ: QLGN) during its annual 919 event. The investment structure includes $30 million from FF for approximately 55% ownership, and $4 million from FF Founder YT Jia for about 7% ownership with a two-year lockup.
QLGN will rebrand as CXC10 and pivot to crypto/Web3 operations with three growth engines: C10 Treasury (value anchor), BesTrade DeAI Agent (trading platform), and ecosystem tokens. The C10 Treasury has already shown a 7% unrealized gain on its $10 million crypto asset allocation.
Additionally, FF unveiled new details of its FX Super One MPV, featuring an ultra-wide dual-screen panoramic display and advanced EAI Space technology, with first deliveries expected in November 2025.
Faraday Future (NASDAQ: FFAI) has announced a strategic $41 million PIPE investment in Qualigen Therapeutics (NASDAQ: QLGN), marking a significant pivot into the crypto and Web3 space. The deal includes a $30 million investment from FF at $2.246 per share, securing approximately 55% ownership, and a $4 million personal investment from FF's Founder YT Jia.
Following the transaction, QLGN will rebrand as CXC10 and shift its focus entirely to crypto and Web3 initiatives. FF and YT Jia will collectively own over 62% of QLGN's outstanding shares. The deal includes significant management changes, with YT Jia becoming Chief Advisor, Jerry Wang as Co-CEO, and Koti Meka as CFO. FF will gain substantial board control with rights to nominate up to four of seven board seats.
Faraday Future (NASDAQ: FFAI) is preparing to host its 919 Futurist Day & Stockholders' Community Day on September 19, 2025, at 5:00 PM PT at its Los Angeles headquarters. The event will be livestreamed and will showcase key company updates across two main segments.
The event will highlight the EAI Flywheel, featuring FX Super One's new product features, Middle East launch plans, and updates from eight-state co-creation events. Additionally, the Crypto Flywheel segment will present the company's cryptocurrency business plan, including three growth engines and the C10 Treasury roadmap.
In-person attendance registration is available until September 17, 2025, at 5:00 PM PT through g.ff.com/2025919.
Faraday Future (NASDAQ: FFAI), a California-based global shared intelligent electric mobility ecosystem company, announced its participation in the upcoming Sidoti Small-Cap Virtual Conference. Global President Jerry Wang will deliver a company presentation on Thursday, September 18, 2025, at 4:00 PM ET, followed by an investor Q&A session.
The presentation will cover the company's latest business updates, strategic initiatives, and financial outlook. Investors can access the live webcast through the Sidoti Conference website or the Events & Presentations page on Faraday Future's investor relations website.
Faraday Future (NASDAQ:FFAI) has announced a significant strategic move to spin off its Crypto business into a new independently listed company called CXC10. The spinoff, approved by the Board, aims to create a dual-listed company structure with CXC10 initially controlled by FFAI. The new entity will raise capital independently and focus on becoming a leading Web3 listed company in the U.S. market.
The company reports that its C10 Treasury has allocated $10M in crypto assets with positive mark-to-market performance, outperforming the C10 Index. Additionally, FFAI provided updates on its vehicle development, including progress on the FX Super One safety testing and FF 91 2.0 software improvements. The company has successfully exited Nasdaq's monitoring period and restored its normal listed company status.
Faraday Future (NASDAQ: FFAI) has announced plans to spin off its crypto flywheel assets into a separate existing listed company. The spin-off aims to create two independent listed systems while maintaining strategic synergies. The company's C10 Treasury has completed two rounds of digital asset allocations totaling $10 million, with the actively managed 20% portion outperforming the C10 Index.
The spin-off strategy, approved by the Board, addresses two key concerns: independent capitalization for C10 Treasury's future financing and enhanced operational focus for both entities. FFAI plans to initially maintain control of the new company and consolidate its financial statements, subject to auditor consent and stockholder approvals. Additional details will be revealed at the company's 919 Futurist Day & Stockholders' Community Day on September 19, 2025.
Faraday Future (NASDAQ: FFAI) has successfully completed Nasdaq's one-year compliance monitoring period, returning to normal listed-company status. The company has made notable progress in multiple areas, including launching its second brand Faraday X (FX) and implementing its "Dual-Flywheel & Dual-Bridge" Eco Strategy.
In a show of confidence, Global Co-CEO YT Jia has completed three stock purchases totaling $560,000 under Rule 10b5-1 trading plans, representing his after-tax signing bonus. The purchases were made in three tranches: $180,000 on September 8, $180,000 on September 2, and $200,000 on August 25, 2025.
The company reports improvements in financial management systems, enhanced cost control, and better cash flow management, while maintaining its commitment to "no further reverse stock splits" and prudent equity issuances.
Faraday Future (NASDAQ:FFAI) announced its upcoming 919 Futurist Day & Stockholders' Community Day event on September 19, 2025, at its Los Angeles headquarters. The event will showcase unseen interior and product highlights of the FX Super One, along with updates on U.S. homologation and Middle East launch plans.
Key announcements will include details on C10 & C (Crypto) initiatives, the company's three growth engines, and FF EAI Vehicle Chain products. Founder and Co-CEO YT Jia completed a $180,000 USD stock purchase under the 10b5-1 plan, with remaining purchases expected next week. The company expanded its C10 Treasury with a $2 million USD crypto allocation, maintaining an 80/20 passive/active management strategy.
The company will hold a Special Meeting of Stockholders on September 19 to vote on key proposals, including expanding shares for equity incentives.
Faraday Future (NASDAQ: FFAI), a California-based intelligent electric mobility company, will host its 919 Futurist Day & Shareholders' Day on September 19, 2025, from 3:30 PM to 6:00 PM PDT at its Los Angeles headquarters.
The event will showcase the FX Super One's product features, Middle East launch plans, and updates from eight-state co-creation & sales events. Additionally, the company will discuss its Crypto strategic business plan, the FF EAI Ecosystem Vehicle Chain deployment, and the FX brand's first anniversary review.
Interested shareholders can register through the provided link until September 17, 2025, at 5:00 PM PT.
Faraday Future (NASDAQ: FFAI) announced that Founder and Global Co-CEO YT Jia has made his second stock purchase of approximately $180,000 under his Rule 10b5-1 trading plan. This purchase is part of Jia's planned total investment of $560,000, representing the after-tax portion of his $1.2 million signing bonus.
The company is preparing for a Special Meeting of Stockholders on September 19, 2025, seeking approval for several key proposals including increasing authorized shares, company name change, and amending the 2021 Stock Incentive Plan. The amendment would add 9.5 million shares to the equity incentive reserve, bringing the total to approximately 7% of current authorized shares.
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