Core Viewpoint - Faraday Future Intelligent Electric Inc. has announced the name and ticker change of its majority-owned company, Qualigen Therapeutics Inc., to AIxCrypto Holdings Inc., marking a strategic advancement in its dual-flywheel framework aimed at bridging Web2 and Web3 [1][3][7] Group 1: Strategic Developments - The transition to AIxCrypto Holdings Inc. supports the ongoing development of EAI + Crypto initiatives [1][3] - FFAI aims to advance its EAI ecosystem while achieving key product milestones, including the first FX Super One pre-production vehicle by year-end and its first delivery in the UAE on November 27 [3][12] Group 2: Potential Benefits of AIxC - AIxC could provide FFAI with benefits in five key areas: financing, asset contribution, technology and business empowerment, user development, and valuation positioning [8][9] - Stock tokenization may offer FFAI a more efficient and sustainable financing pathway compared to traditional capital channels [9] - Potential investment returns from AIxC could enhance FFAI's asset base and create ongoing cash flow [10] Group 3: Technological Integration - The collaboration between FFAI and AIxC aims to advance on-chain registration and verification of EAI EV assets and develop integrated EAI + real-world asset products [10][12] - AIxC plans to explore the tokenization of up to $5 million of FFAI's Class A common stock as part of its roadmap [6][12] Group 4: Innovation and Future Vision - The investment in AIxC is a strategic step for FFAI to scale new business initiatives within its EAI mobility ecosystem [12] - FFAI is expanding its technology portfolio, including a utility patent application for a blockchain-based mobility system to enhance car-sharing and rental functionalities [13]
Faraday Future Completes Formation of “FFAI+AIXC” Dual-Flywheel, Dual-Bridge, and Dual-Listed Company System; Its Majority Owned Crypto Company Renamed as AIxCrypto (Nasdaq: AIXC)
Globenewswire·2025-11-20 23:21