FFAI invests ~$30M in Qualigen (QLGN) for crypto/Web3 unit; share increase approved, name change failed

FARADAY FUTURE INTELLIGENT ELECTRIC INC.

FF invests ~$30M cash/crypto at $2.246/sh, YT Jia invests ~$4M with 2-yr lockup; closing expected Sept 29, 2025.
QLGN to rebrand as CXC10, focus on crypto/Web3 three growth engines; FF appoints co-CEO and CFO, nominates two directors.
Stockholders approved increase of authorized common from 167M to 232M shares and preferred from 12.9M to 17.9M shares.
Name change to 'Faraday Future AI Electric Vehicle Inc.' failed with 49M for vs 20M against, below required majority.
Certificate of Elimination filed to remove Series A Preferred Stock designation after automatic redemption.

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