Qualigen Therapeutics enters $41M PIPE led by Faraday Future; plans crypto pivot and rebrand

AIxCrypto Holdings, Inc.

Faraday Future leads $30M investment at $2.246/share for ~55% beneficial ownership; YT Jia personally invests $4M.
Total PIPE of $41M from FF, Jia, SIGN Foundation (backed by Binance Labs, Sequoia, etc.).
Upon approval, QLGN rebrands as CXC10, focusing on crypto/Web3; Jerry Wang named Co-CEO, Koti Meka CFO.
FF gets two board seats (potential to increase to four); board resignations; Jia appointed Chief Advisor.
Voting support agreements secured; closing expected ~Sept 29, 2025; placement agent Univest Securities.

Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.95

AIxCrypto Holdings, Inc. issued $41,000,000 in cash of Common Stock and Series B Convertible Preferred Stock of preferred stock to certain investors, including Faraday Future Intelligent Electric Inc. for $2.246 per share for Common Stock and $1,000 per share for Series B Stock, paid in cash.

Security: preferred stock
Shares: $41,000,000 in cash of Common Stock and Series B Convertible Preferred Stock
Purchaser: certain investors, including Faraday Future Intelligent Electric Inc.
Consideration: $2.246 per share for Common Stock and $1,000 per share for Series B Stock, paid in cash

Exact text from the filing

“Common Stock”) and shares of a newly created Series B Convertible Preferred Stock, par value $0.001 per share (the “Series B Stock”). The purchase price of the Common Stock was $2.246 per share and the purchase price for the Series B Stock was $1,000 per share (the “Stated Value”). At the closing of the Offering (the “Closing”), the shares of Common Stock and

View on SEC.gov

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.95

AIxCrypto Holdings, Inc. issued $41,000,000 in cash of Common Stock and Series B Convertible Preferred Stock of common stock to certain investors, including Faraday Future Intelligent Electric Inc. for $2.246 per share for Common Stock and $1,000 per share for Series B Stock, paid in cash.

Security: common stock
Shares: $41,000,000 in cash of Common Stock and Series B Convertible Preferred Stock
Purchaser: certain investors, including Faraday Future Intelligent Electric Inc.
Consideration: $2.246 per share for Common Stock and $1,000 per share for Series B Stock, paid in cash

Exact text from the filing

“Common Stock”) and shares of a newly created Series B Convertible Preferred Stock, par value $0.001 per share (the “Series B Stock”). The purchase price of the Common Stock was $2.246 per share and the purchase price for the Series B Stock was $1,000 per share (the “Stated Value”). At the closing of the Offering (the “Closing”), the shares of Common Stock and

View on SEC.gov

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AIxCrypto Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-25-014965

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This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.