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Faraday Future Strengthens Global Leadership Team with Three New Appointments of Industry Veterans to Drive Operational Efficiency and Strategic Growth
Globenewswire· 2025-10-08 00:59
The new leadership appointments encompass positions in investor relations, legal and treasury roles and are key in strengthening the FF management team, implementing operational cost reductions, budgeting, governance, compliance, and strengthening FF’s treasury strategy. Faraday Future Strengthens Global Leadership Team with Three New Appointments of Industry Veterans to Drive Operational Efficiency and Strategic Growth Steven Park joins Faraday Future as the new Head of Investor Relations. Faraday Futu ...
Faraday Future Strengthens Global Leadership Team with Three New Appointments of Industry Veterans to Drive Operational Efficiency and Strategic Growth
Globenewswire· 2025-10-08 00:59
Core Viewpoint - Faraday Future Intelligent Electric Inc. has announced the appointment of three new leaders to enhance its expertise in investor relations, legal affairs, and treasury management, aiming to support the company's innovation and long-term growth [1][5]. Leadership Appointments - Steven Park has been appointed as the new Head of Investor Relations, bringing over a decade of experience in investor communications and a successful track record in IPOs and stakeholder relationships [2]. - Todd Harrington joins as Deputy General Counsel, with over 20 years of legal experience, including previous roles in private practice and as General Counsel at a cybersecurity startup [3]. - Kevin Voong has been appointed as Corporate Treasurer, possessing extensive international finance experience with companies like Toyota and General Electric, and a strong background in financial operations and risk management [4]. Company Strategy and Vision - Faraday Future aims to disrupt the automotive industry by creating a user-centric, technology-first, and smart driving experience, with its flagship model, the FF91, exemplifying luxury and innovation [6]. - The new FX strategy is set to introduce mass production models with advanced luxury technology, targeting a broader market with more affordable offerings [6]. Leadership Impact - The new leadership appointments are expected to significantly advance the company's capabilities and position it for meaningful growth in the coming months, enhancing the existing executive team's ability to drive product development and delivery [5].
Faraday Future Successfully Concludes FX Super One Co-Creation and Sales Event in Seattle
Globenewswire· 2025-10-02 02:58
Core Insights - Faraday Future has successfully concluded its FX Super One Co-Creation and Sales Event in Seattle, receiving strong support from local organizations and positive feedback from attendees [1][2][3] Group 1: Event Details - The Seattle event was co-hosted with FX Co-Creation partner WeBranding and supported by Seattle's largest Chinese golf club, 808, and the Chinese Institute of Engineers Seattle [1] - The event attracted elite professionals from major companies such as Boeing, Amazon, Microsoft, and Meta's Seattle office, with attendees providing overwhelmingly positive feedback on the FX Super One [1][2] Group 2: Future Plans - Following the Seattle event, the FX Super One U.S. Co-Creation and Sales Tour has also covered New York, Boston, and Los Angeles, with plans for similar events in Texas, New Jersey, Florida, and Nevada [2] - The company is preparing for the FX Super One's production and deliveries, with a Middle East Final Launch event scheduled for October 28 in the UAE, targeting initial deliveries in the fourth quarter of 2025 [2] Group 3: Strategic Vision - The Global CEO of Faraday Future, Xiao (Max) Ma, stated that the positive feedback positions the FX Super One as a flagship product in the First-Class EAI-MPV segment, reaffirming the company's strategic vision in this emerging market [3] - Faraday Future aims to disrupt the automotive industry by creating a user-centric, technology-first, and smart driving experience, with the FX strategy focusing on mass production models targeting a broader market [4]
Faraday Future Announces Strategic $41 Million Investment in Qualigen Therapeutics, Inc. (NASDAQ: QLGN) for Crypto Business Through PIPE Transaction
Globenewswire· 2025-09-19 23:24
Core Viewpoint - Faraday Future and Qualigen Therapeutics have entered into a securities purchase agreement for a private investment in public equity (PIPE), focusing on a new crypto and Web3-related business [1][2][3] Investment Details - The PIPE financing totals approximately $41 million, led by Faraday Future and its Founder YT Jia, with participation from other investors including SIGN Foundation, Sequoia Capital, IDG, and Circle [3][4] - Faraday Future will invest about $30 million in Qualigen at an effective price of $2.246 per share, resulting in beneficial ownership of approximately 55% of Qualigen's outstanding common stock [4][6] - YT Jia plans to invest around $4 million personally, representing about 7% ownership of Qualigen's common stock, with a two-year voluntary lock-up on this investment [4][5] Management Changes - Following the transaction, YT Jia will become Chief Advisor of Qualigen, Jerry Wang will be appointed Co-CEO, and FF CFO Koti Meka will serve as CFO [5] - Faraday Future will have the right to nominate two of the five independent directors, which could increase to four of seven seats if approved [5] Strategic Focus - The structure of this investment allows Faraday Future to concentrate on its electric vehicle strategy while Qualigen focuses on growth in crypto and Web3, creating strategic synergies and maximizing stockholder value [7][8] - This investment is seen as a significant milestone for both companies, with leadership from Faraday Future expected to drive transformative changes at Qualigen [8]
Faraday Future Announces Strategic $41 Million Investment in Qualigen Therapeutics, Inc. (NASDAQ: QLGN) f for Crypto Business Through PIPE Transaction
Globenewswire· 2025-09-19 22:01
Core Viewpoint - Faraday Future and Qualigen Therapeutics have entered into a securities purchase agreement for a private investment in public equity (PIPE), focusing on expanding into crypto and Web3-related business [1][2] Group 1: Investment Details - The PIPE financing totals approximately $41 million, led by Faraday Future and its Founder YT Jia, with participation from other notable investors including SIGN Foundation, Sequoia Capital, IDG, and Circle [2] - Faraday Future will invest about $30 million in Qualigen at an effective price of $2.246 per share, acquiring approximately 55% of QLGN's outstanding common shares [3] - YT Jia plans to invest around $4 million personally, representing about 7% ownership of QLGN's common stock, with a two-year lock-up on this investment [3] Group 2: Management and Governance Changes - Following the transaction, YT Jia will become Chief Advisor of QLGN, while Jerry Wang will be appointed Co-CEO and FF CFO Koti Meka will take on the role of CFO [4] - Faraday Future will have the right to nominate two of the five independent directors, with potential to increase this to four of seven seats upon stockholder approval [4][5] Group 3: Strategic Focus - This investment structure allows Faraday Future to concentrate on its electric vehicle strategy while Qualigen focuses on growth in crypto and Web3, creating strategic synergies and unlocking new financing channels [6] - YT Jia emphasized the importance of this strategic investment as a milestone for Faraday Future, aiming to connect electric automotive innovation with crypto and bridge Web2 with Web3 [7]
Faraday Future Announces Three Days Until its 919 Futurist Day & Stockholders’ Community Day, Taking Place on September 19
Globenewswire· 2025-09-17 04:36
Core Insights - Faraday Future will host its 919 Futurist Day & Stockholders' Community Day on September 19, 2025, at 5:00 PM PT in Los Angeles, focusing on new product features and growth strategies [1][5][8] Event Details - The event will be livestreamed and materials will be available on the Company's investor relations website [2] - Registration for in-person attendance is required by September 17, 2025, at 5:00 PM PT [3] Company Overview - Faraday Future is a California-based company founded in 2014, aiming to disrupt the automotive industry with a user-centric and technology-first approach [4] - The flagship model, FF91, represents the Company's vision for luxury and innovation, while the new FX strategy targets a broader market with mass production models [4] Key Highlights for the Event - The event will feature insights into FX Super One's product features, the Crypto Flywheel business plan, and milestones from co-creation and sales events [7] - The Company will discuss its three growth engines within the Crypto Flywheel business and the roadmap for capital value realization [7]
Faraday Future Announces Three Days Until its 919 Futurist Day & Stockholders' Community Day, Taking Place on September 19
Globenewswire· 2025-09-17 04:36
Core Insights - Faraday Future will host its 919 Futurist Day & Stockholders' Community Day on September 19, 2025, at 5:00 PM PT in Los Angeles, focusing on updates regarding new product features and growth strategies [1][3]. Event Details - The event will be livestreamed and materials will be available on the Company's investor relations website [2]. - Registration for in-person attendance is required by September 17, 2025, at 5:00 PM PT [3]. Company Overview - Faraday Future is a California-based company founded in 2014, aiming to disrupt the automotive industry with a user-centric and technology-first approach [4]. - The flagship model, FF91, represents the Company's vision for luxury and innovation, while the new FX strategy targets mass production models at a lower price point [4]. Product and Strategy Highlights - The event will showcase FX Super One's new product features and provide insights into the FX Super One's Middle East launch and delivery plans [5]. - The Crypto Flywheel business plan will be discussed, including three growth engines and a roadmap for capital value realization [5].
Faraday Future Announces its Annual 919 Futurist Day & Shareholders' Day on September 19
GlobeNewswire News Room· 2025-09-04 22:15
Core Insights - Faraday Future Intelligent Electric Inc. will host its 919 Futurist Day & Shareholders' Day on September 19, 2025, at its headquarters in Los Angeles [1] - The event aims to enhance transparency, stockholder engagement, and long-term value creation as the company advances its dual flywheel strategy [2] Company Overview - Faraday Future is a California-based global shared intelligent electric mobility ecosystem company, founded in 2014, with a mission to disrupt the automotive industry through a user-centric and technology-first approach [3] - The flagship model, FF91, represents the company's vision for luxury, innovation, and performance, while the new FX strategy focuses on introducing mass production models targeting a broader market with middle-to-low price range offerings [3] Event Highlights - The event will feature exclusive insights into the FX Super One's product features and the Middle East launch and delivery plan [4] - Milestones from national co-creation and sales events will be shared, along with announcements of new partners [4] - The company will release details regarding the C10 & Crypto strategic business plan and roadmap for capital value realization [4]
Faraday Future Announces its Annual 919 Futurist Day & Shareholders’ Day on September 19
Globenewswire· 2025-09-04 22:15
Core Insights - Faraday Future Intelligent Electric Inc. will host its 919 Futurist Day & Shareholders' Day on September 19, 2025, at its headquarters in Los Angeles, emphasizing transparency and stockholder engagement [1][10] - The event will showcase the company's dual flywheel strategy, including the EAI Flywheel and Crypto Flywheel, aimed at long-term value creation [2] Company Overview - Faraday Future is a California-based company founded in 2014, focused on creating a user-centric, technology-first smart driving experience [3] - The flagship model, FF91, represents the company's vision for luxury and innovation, while the new FX strategy aims to introduce mass production models targeting a broader market with middle-to-low price range offerings [3] Event Highlights - The 919 Futurist Day will include an exclusive immersive experience of FX Super One's product features and insights into the FX Super One's Middle East launch and delivery plan [6] - The event will also cover milestones from national co-creation and sales events, announce new partners, and provide a strategic review of the FX brand's first anniversary [6] - Additional announcements will include details on the C10 & Crypto strategic business plan and the product deployment strategy for the FF EAI Ecosystem Vehicle Chain [6]
Faraday Future Founder and Co-CEO YT Jia Makes Second Stock Purchase Under 10b5-1 Plan, Underscoring Confidence in the Company's Long-Term Strategy
GlobeNewswire News Room· 2025-09-03 20:30
Core Viewpoint - Faraday Future Intelligent Electric Inc. is actively encouraging stockholders to vote in favor of proposals at the upcoming Special Meeting on September 19, 2025, which are aimed at supporting the company's strategic initiatives and long-term growth [1][3]. Group 1: Stockholder Engagement - The company founder and Global Co-CEO YT Jia purchased approximately $180,000 of FF common stock on September 2, 2025, as part of a previously adopted trading plan, with further purchases scheduled for the following week [1][2]. - Mr. Jia intends to invest a total of approximately $560,000 in FF common stock, which includes the after-tax portion of his $1.2 million signing bonus [2][3]. Group 2: Strategic Proposals - Key proposals for the Special Meeting include an increase in authorized shares, a name change for the company, approval for the issuance of common stock to holders of certain convertible notes and warrants, and an amendment to the 2021 Stock Incentive Plan [3][4]. - The amendment to the 2021 Plan aims to enhance the company's ability to offer long-term equity incentives, which are essential for attracting and retaining top talent while driving strategic execution [4]. Group 3: Shareholder Equity Incentives - Currently, the authorized shares under the 2021 Plan represent only about 1.5% of the company's outstanding common stock, which is significantly below industry standards [5]. - The company is seeking approval to add 9,500,000 shares to the equity incentive reserve, which would increase the total reserved shares for equity incentives to nearly 7% of the company's current total authorized shares, or nearly 5% if the proposed increase is approved [5]. Group 4: Company Overview - Faraday Future is a California-based company focused on creating a shared intelligent electric mobility ecosystem, aiming to disrupt the automotive industry with a user-centric and technology-first approach [6]. - The flagship model, FF91, represents the company's vision for luxury and innovation, while the new FX strategy targets mass production models with advanced luxury technology at a more accessible price point [6].