Faraday Future closes $41M investment in Qualigen, acquires 55% stake; QLGN to rebrand as CXC10

FARADAY FUTURE INTELLIGENT ELECTRIC INC.

Total investment of ~$41M, with FF contributing ~$30M and Founder YT Jia $4M.
FF now holds ~55% of QLGN's pro forma common stock; YT Jia holds ~7% with a 2-year lock-up.
QLGN plans to rebrand as CXC10, pivoting to crypto and Web3 ventures.
Investment closed September 30, 2025, advancing FF's Dual-Flywheel & Dual-Bridge Eco-Strategy.

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