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Faraday Future Founder and Co-CEO YT Jia Shares Weekly Investor Update: Unseen Interior and Product Highlights of the FX Super One to Be Unveiled on 919 Futurist Day & Shareholders' Day
GlobeNewswire News Room· 2025-09-08 02:57
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]
Faraday Future Founder and Co-CEO YT Jia Shares Weekly Investor Update: Unseen Interior and Product Highlights of the FX Super One to Be Unveiled on 919 Futurist Day & Shareholders’ Day
Globenewswire· 2025-09-08 02:57
Core Insights - Faraday Future 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][8] - 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] - The company is focusing on its Crypto Flywheel strategy, which includes the C10 Treasury and aims to maximize value creation for stockholders through a dual-engine growth system [4][9] Company Updates - The FX Super One has been actively showcased in key states, including participation in the Luxury Transportation Exchange event in Las Vegas, generating strong interest from industry partners [5][6] - Under the 10b5-1 share purchase plan, the Co-CEO has invested approximately $180,000 in FFAI common stock, demonstrating confidence in the company's long-term strategy [7] - A Special Meeting of Stockholders will be held on September 19 to seek approval for key proposals, including increasing shares for the equity incentive plan to attract and retain talent [8] Crypto Strategy - 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 [9] - Staking of C10 crypto coins has begun, expected to enhance yield, mitigate risk, and support ecosystem participation [10] - The company is committed to its strategic investments in cryptocurrencies, focusing on LINK and BNB as core assets [9][10]