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.

item 1.01 item 3.03 item 5.03 item 5.07 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

FARADAY FUTURE INTELLIGENT ELECTRIC INC. issued increase in the number of authorized shares of preferred stock from 12,900,000 to 17,931,000 shares of preferred stock.

Security: preferred stock
Shares: increase in the number of authorized shares of preferred stock from 12,900,000 to 17,931,000 shares

Exact text from the filing

and (ii) an increase in the number of authorized shares of preferred stock, par value $0.0001 per share, of the Company (“FFAI Preferred Stock”) from 12,900,000 to 17,931,000 shares

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Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

FARADAY FUTURE INTELLIGENT ELECTRIC INC. issued increase in the number of authorized shares of common stock from 167,245,313 to 232,470,985 shares of common stock.

Security: common stock
Shares: increase in the number of authorized shares of common stock from 167,245,313 to 232,470,985 shares

Exact text from the filing

to effect (i) an increase in the number of authorized shares of common stock, par value $0.0001 per share, of the Company (“FFAI Common Stock”) from 167,245,313 to 232,470,985 shares

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

FARADAY FUTURE INTELLIGENT ELECTRIC INC.: Increased authorized shares of common and preferred stock via Certificate of Amendment (effective 2025-09-23).

Change: charter amendment
Effective: 2025-09-23

Exact text from the filing

On September 23, 2025, the Company filed an amendment (the “Certificate of Amendment”) to the Company’s Third Amended and Restated Certificate of Incorporation (as amended, the “Charter”) with the office of the Secretary of State of the State of Delaware (the “Delaware SOS”) to effect (i) an increase in the number of authorized shares of common stock, par value $0.0001 per share, of the Company (“FFAI Common Stock”) from 167,245,313 to 232,470,985 shares, and (ii) an increase in the number of authorized shares of preferred stock, par value $0.0001 per share, of the Company (“FFAI Preferred Stock”) from 12,900,000 to 17,931,000 shares, increasing the total number of authorized shares of FFAI Common Stock and FFAI Preferred Stock from 180,145,313 shares to 250,401,985 shares.

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FARADAY FUTURE INTELLIGENT ELECTRIC INC. filing history →

Source: SEC EDGAR

accession 0001213900-25-091355

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