Qualigen Therapeutics(US:QLGN) Sou Hu Cai Jing·2025-09-20 13:37Core Viewpoint - Faraday Future (FF) is set to become one of the fastest companies to split and go public on NASDAQ through its strategic investment in QLGN, amounting to $41 million, led by founder Jia Yueting [1][4]. Group 1: Strategic Investment and Business Focus - FF announced a strategic investment of $41 million in NASDAQ-listed QLGN, with Jia Yueting personally investing $4 million, aiming to enhance its focus on Crypto and Web3 ecosystem development [1][3]. - The investment signifies the acceleration of FF's "dual flywheel and dual bridge strategy," which aims to maximize value for both shareholders and blockchain community members [3][4]. - Following the investment, FF will hold approximately 62% of QLGN, with Jia Yueting serving as Chief Advisor and FF's global president Jerry Wang as Co-CEO [5][4]. Group 2: Business Model and Product Development - The split of the Crypto flywheel business is expected to create a new record for the fastest IPO in NASDAQ history, with the goal of establishing the first stock combining Web2+Web3 and EAI+Crypto [4][5]. - QLGN will be renamed CXC10, representing the three driving forces of the business: the Crypto ecosystem token system, the parent exchange DeAI Agent, and the value stabilizer [5][10]. - The company plans to launch six major products under the Crypto "three driving forces," including C10 Treasury, C10 Index, C10 ETF, and the BestTrade DeAI Agent [10]. Group 3: Debt Management and Commitment - Jia Yueting announced the establishment of a second creditor trust, committing half of the equity incentives received from his Co-CEO position and half of the profits from his $4 million investment to repay debts under Chinese law [11]. - He emphasized his commitment to fulfilling obligations related to debts, despite having resolved his debts in the U.S. [11].