Faraday Future Plans to Spin-Off its Crypto Flywheel Assets into an Existing Listed Company for Independent Fundraising and Operations, Building a Dual-Listed Company Structure

Core Viewpoint - Faraday Future Intelligent Electric Inc. is preparing to spin off its crypto flywheel assets into a separate listed company, aiming to create two independent entities that can operate synergistically [1][2][8]. Spin-Off Details - The spin-off plan is designed to establish two independent listed systems: Faraday Future (FFAI) and a new company focused on the Crypto Flywheel, which will operate independently while forming strategic synergies [2][10]. - The spin-off is expected to enhance the company's dual-engine growth strategy, combining Web2 and Web3 elements to maximize stockholder value [3][11]. C10 Treasury Performance - The C10 Treasury has recently completed two rounds of digital asset allocations totaling approximately $10 million, with a positive mark-to-market performance as of September 10, 2025 [4][10]. - The actively managed 20% allocation within the C10 Treasury outperformed the C10 Index, indicating strong performance of the selected digital assets [5][10]. Strategic Goals and Benefits - The spin-off aims to address two core concerns and is expected to provide five dimensions of value, including independent capitalization, operational focus, economic value, strategic value, and financial clarity [6][11]. - The independent operation of the C10 business is anticipated to unlock its value and serve as a value amplifier for FFAI, supporting its EAI EV flywheel strategy [11]. Future Plans - The company is in discussions with investment banks, strategic investors, and law firms regarding the spin-off, with more details to be revealed at the upcoming 919 Futurist Day & Stockholders' Community Day on September 19 [10][17].