Core Viewpoint - Faraday Future (FF) announced a strategic investment in Qualigen Therapeutics, Inc. (QLGN) to enhance its Crypto and Web3 business initiatives, with an investment amount exceeding $41 million [1][5]. Group 1: Strategic Investment - FF is leading a strategic investment in QLGN, with participation from various investors including Binance Labs and Sequoia Capital, aiming to create a bridge between Web2 and Web3 [1][5]. - The investment is expected to exceed $41 million, with FF founder Jia Yueting personally investing $4 million and voluntarily locking his shares for two years [1][5][9]. - Following the investment, FF and Jia Yueting will collectively hold approximately 62% of QLGN's shares [5][6]. Group 2: Business Development - QLGN will be renamed CXC10 and will focus on developing six major products under the Crypto "three-horse carriage" business model [7]. - The company aims to become the first stock in the U.S. that integrates Web2+Web3 and AI+Crypto [5][7]. - C10 Treasury has already completed approximately $10 million in crypto asset allocation, achieving a floating profit of about 7% [8]. Group 3: Leadership and Governance - Jia Yueting will serve as the chief advisor for QLGN, while FF's global president Jerry Wang will take on the role of Co-CEO [6]. - After the completion of the transaction, FF will have the right to nominate two out of five independent board seats, potentially increasing to four out of seven after shareholder approval [6]. Group 4: Debt Management - Jia Yueting announced the establishment of a second creditor trust, committing half of his equity incentives and personal investment returns to repay debts under Chinese law, while the other half will be used for vehicle production [9].

Core Viewpoint - Faraday Future (FF) is taking significant steps to address its debt obligations while simultaneously investing in growth opportunities, particularly through a strategic investment in Qualigen Therapeutics, Inc. (QLGN) and the establishment of a creditor trust by its founder and Co-CEO Jia Yueting [1][3][4] Group 1: Debt Management and Trust Establishment - Jia Yueting announced the creation of a second creditor trust, committing to allocate 50% of his personal earnings from stock incentives and investment returns to repay debts under Chinese law, while the other half will be used for vehicle production [3] - The trust's establishment details will be disclosed in the future, emphasizing the company's commitment to fulfilling its debt obligations [3] Group 2: Strategic Investment in QLGN - FF is leading a strategic investment of $41 million in NASDAQ-listed Qualigen Therapeutics, Inc. (QLGN), with FF contributing approximately $30 million for about 55% ownership, while Jia Yueting personally invests $4 million for about 7% ownership [4] - Following the investment announcement, QLGN's stock surged by up to 111%, reflecting strong market interest [2][3] - After the transaction, FF and Jia Yueting will collectively hold approximately 62% of QLGN, with Jia Yueting taking on the role of Chief Advisor and FF's global president Jerry Wang becoming Co-CEO of QLGN [4] Group 3: Future Business Directions - QLGN will be rebranded as CXC10 and will focus on developing six major products under its Crypto "three-horse carriage" business model, aiming to become a leading player in the intersection of Web2, Web3, and EAI + Crypto sectors [4] - FF's Crypto business is positioned to become one of the fastest companies to achieve a split listing on NASDAQ [4]

Group 1 - Faraday Future (FF) is set to announce significant strategic developments at the upcoming "919 Futurist Day" event, including updates on its Web3 business and details about the new FX Super One model [1][2] - The founder, Jia Yueting, aims to create a unique public company that integrates Web2 and Web3, as well as Ecosystem AI (EAI) and cryptocurrency [1] - FF plans to spin off its Crypto business, CXC10, into an independent entity seeking to go public, a move approved by the board to alleviate shareholder concerns about potential dilution from Crypto financing [1] Group 2 - CXC10 has completed approximately $10 million in crypto asset allocation and is currently profitable, outperforming the C10 index [2] - The upcoming event is expected to highlight the intelligent features of the FX Super One model, including EAI Space and Vehicle EAI Agent [2] - The online live stream for the event is scheduled for September 19 at 5 PM Los Angeles time (8 AM Beijing time on September 20) [2]

Core Insights - Faraday Future Intelligent Electric Inc. is preparing for the 919 Futurist Day & Stockholders' Community Day on September 19, 2025, to celebrate the one-year anniversary of the FX Strategy and engage with stockholders [2][10] - The event will showcase the FX Super One's interior and product highlights, along with updates on its homologation in the U.S. and launch plans for the Middle East [3][4] Company Updates - The company will unveil details on its three growth engines, including the C10 Treasury, and its roadmap for capital value realization at the upcoming event [1][4] - The FX Super One has been actively showcased in key target states, with recent participation in the Luxury Transportation Exchange event in Las Vegas, generating strong interest from industry partners [5][6] Financial Activities - Under the 10b5-1 share purchase plan, the Co-CEO completed a second purchase of approximately $180,000 in FFAI common stock, reflecting confidence in the company's long-term strategy [6][7] - The C10 Treasury has expanded with a new allocation of $2 million in crypto coins, maintaining an investment strategy of 80% passive index and 20% active management [8][9] Strategic Initiatives - The company is focusing on enhancing its crypto strategy, with staking of C10 crypto coins officially beginning, expected to create value through enhanced yield, risk mitigation, and ecosystem participation [9][13] - A Special Meeting of Stockholders will be held to seek approval for key proposals, including increasing shares available for issuance under the equity incentive plan to attract and retain talent [7][10]