Faraday Future plans spin-off of crypto flywheel assets into existing listed company

FARADAY FUTURE INTELLIGENT ELECTRIC INC.

FFAI plans to spin off crypto flywheel assets into an existing listed company, initially controlled by FFAI; Board approved strategy.
C10 Treasury completed two rounds of ~$10M in digital asset allocations; mark-to-market slightly increased as of Sept. 10.
20% active allocation outperformed the C10 Index; all four core digital assets selected outperformed the Index.
Spin-off aims for independent capitalization and operational focus; more details expected at Sept. 19 Futurist Day.
Goal to consolidate new company's financials into FFAI, subject to auditor consent and stockholder approvals.

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