- Faraday Future Intelligent Electric Inc. (FFAI) announced a strategic **$41 million investment** in Qualigen Therapeutics, Inc. (QLGN) for a new crypto and Web3-related business through a private investment in public equity (PIPE) transaction, as of September 19, 2025.  **[1805521_0001213900-25-091355_ea025855901ex99-1_faraday.htm:0]** **[1805521_0001213900-25-091355_ea025855901ex99-2_faraday.htm:0]** 
- FFAI will invest approximately **$30 million**, acquiring beneficial ownership of approximately **55%** of QLGN's outstanding common stock, while FFAI's Founder and Global Co-CEO YT Jia will personally invest about **$4 million**.  **[1805521_0001213900-25-091355_ea025855901ex99-1_faraday.htm:0]** 
- Following the transaction, QLGN is expected to rebrand as **CXC10**, focusing on three growth engines in crypto and Web3, with YT Jia serving as Chief Advisor, FF President Jerry Wang as Co-CEO, and FF CFO Koti Meka as CFO of QLGN.  **[1805521_0001213900-25-091355_ea025855901ex99-1_faraday.htm:0]** **[1805521_0001213900-25-091355_ea025855901ex99-2_faraday.htm:0]** 
- This investment aims to allow FFAI to concentrate on its EV strategy while QLGN drives growth in crypto and Web3, creating strategic synergies and unlocking new financing channels.  **[1805521_0001213900-25-091355_ea025855901ex99-1_faraday.htm:0]**

Faraday Future Announces Strategic Investment in Qualigen Therapeutics for Crypto Business

- Faraday Future Intelligent Electric Inc. (FFIE) is implementing a **dual-brand strategy**, featuring the premium Faraday Future brand (FF 91, **$100,000-$300,000**) and the mass-market Faraday X brand (FX Super One, **$20,000-$80,000**).  **[1805521_2147532_1]** 
- The company has partnered with **two large Chinese OEMs** to introduce mass-market electric vehicles to the U.S., leveraging advantages in tariffs, proprietary software, and an established sales and service network.  **[1805521_2147532_3]** **[1805521_2147532_4]** 
- The FX Super One has garnered **over 10,000 paid reservations** and is slated for a test launch in the **UAE around November 2025**, with U.S. manufacturing commencing by the end of **2025**.  **[1805521_2147532_4]** 
- FFIE operates a manufacturing facility in Hanford, California, capable of producing **over 10,000 FF 91 vehicles** and **30,000 to 40,000 FX Super One vehicles** annually.  **[1805521_2147532_1]** **[1805521_2147532_2]** 
- As of the document date, FFIE's market capitalization stands at **$250 million**, and the company reported a cash burn of less than **$80 million** last year.  **[1805521_2147532_4]** **[1805521_2147532_5]**

Faraday Future Intelligent Electric Details Dual-Brand Strategy and FX Super One Launch Plans

- **Faraday Future Intelligent Electric (FFAI)** has officially begun the spin-off plan for its Crypto flywheel, intending to create a second independent listed company, **CXC10**, which will raise its own capital and operate independently.  **[1805521_1a98456a39a54e36baa264000c4d12d8_1]** 
- This spin-off aims to prevent the **C10 Treasury** from diluting FFAI stock and allow FFAI to focus on its core businesses; the C10 Treasury has allocated approximately **$10 million** in crypto assets and is performing strongly.  **[1805521_1a98456a39a54e36baa264000c4d12d8_1]** 
- **FFAI** has successfully completed its one-year monitoring period on Nasdaq, fully restoring its normal listed company status.  **[1805521_1a98456a39a54e36baa264000c4d12d8_2]** 
- The company is advancing its **FX Super One** product, with delivery support for the Middle East on schedule for a final launch at the **end of October**, and has released new **58.9** software for the FF 91 2.0.  **[1805521_1a98456a39a54e36baa264000c4d12d8_2]** 
- Additional details on the spin-off, **C10 & C (Crypto)**, growth engines, and product deployment strategies will be announced at the **September 19** annual stockholder event.  **[1805521_1a98456a39a54e36baa264000c4d12d8_0]** **[1805521_1a98456a39a54e36baa264000c4d12d8_1]**

Faraday Future Initiates Spin-Off Plan for Crypto Flywheel and Restores Nasdaq Status

- Faraday Future Intelligent Electric Inc. (FFAI) plans to **spin off its crypto flywheel assets** into an existing listed company, which FFAI intends to initially control.  **[1805521_0001213900-25-087290_ea025722901ex99-1_faraday.htm:0]** 
- The spin-off aims to enable **independent fundraising** for the crypto assets without diluting FFAI's share capital and to enhance **operational focus** for both the crypto and EV businesses.  **[1805521_0001213900-25-087290_ea025722901ex99-1_faraday.htm:0]** 
- The C10 Treasury recently completed **two rounds of digital asset allocations totaling approximately $10 million**, with a slight increase in mark-to-market as of **September 10, 2025**, and its actively managed portion outperformed the C10 Index.  **[1805521_0001213900-25-087290_ea025722901ex99-1_faraday.htm:0]** 
- Further details regarding the spin-off are expected to be provided at the Company’s 919 Futurist Day & Stockholders’ Community Day on **September 19, 2025**.  **[1805521_0001213900-25-087290_ea025722901ex99-1_faraday.htm:0]**

Faraday Future Intelligent Electric Inc. Announces Plan to Spin Off Crypto Flywheel Assets

- Faraday Future Intelligent Electric (FFAI) plans to **spin off its crypto flywheel assets** into an existing listed company, which FFAI aims to initially control. The goal is to consolidate the new company's financial statements into FFAI’s, subject to auditor consent and stockholder approvals.  **[1805521_75692a09c06043aab38d6e1009aa6a4c_0]** 
- This spin-off is intended to establish **two independent listed systems** to accelerate the "Dual-Flywheel & Dual-Bridge" Eco Strategy and maximize stockholder value.  **[1805521_75692a09c06043aab38d6e1009aa6a4c_0]** **[1805521_75692a09c06043aab38d6e1009aa6a4c_1]** 
- The C10 Treasury has completed **two rounds of digital asset allocations** totaling approximately **$10 million** as of September 10, 2025, with its **20% active portion outperforming the C10 Index**.  **[1805521_75692a09c06043aab38d6e1009aa6a4c_0]** 
- The spin-off aims to provide **independent capitalization** for the crypto business, avoiding dilution of FFAI’s share capital, and to enhance **operational focus** for both FFAI and the new entity.  **[1805521_75692a09c06043aab38d6e1009aa6a4c_1]**

Faraday Future Intelligent Electric Plans Crypto Flywheel Asset Spin-Off

- **Faraday Future Intelligent Electric Inc. (FFAI)** plans the **Middle East final launch** for its **FX Super One** at the **end of October 2025**, with sales and first deliveries commencing in **November 2025**.  **[1805521_0001213900-25-082869_ea025547901ex99-1_faraday.htm:0]** **[1805521_0001213900-25-082869_ea0255479-8k_faraday.htm:1]** 
- The company executed the first tranche of **10b5-1 stock purchases** by its Founder and Co-CEO YT Jia and Jerry.  **[1805521_0001213900-25-082869_ea025547901ex99-1_faraday.htm:1]**  Out of a **$105 million commitment** announced in July, **$60.6 million** had been received by August 22, including **$37.6 million** raised by issuing convertible notes.  **[1805521_0001213900-25-082869_ea025547901ex99-1_faraday.htm:1]** 
- The C10 Treasury completed its first **$5 million crypto coin purchase** as part of its treasury product, with plans to deploy remaining funds from an initial **$30 million** in phases.  **[1805521_0001213900-25-082869_ea025547901ex99-1_faraday.htm:2]** 
- Phase I construction of the facility and operations center in Ras Al Khaimah, Middle East, is nearing completion, and the company expects to open approximately **100 positions** this year in the region.  **[1805521_0001213900-25-082869_ea025547901ex99-1_faraday.htm:1]**

FARADAY FUTURE INTELLIGENT ELECTRIC (FFAI)