---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-25-014965"
form_type: "8-K"
ticker: "AIXC"
cik: "0001460702"
company_name: "AIxCrypto Holdings, Inc."
filed_at: "2025-09-25T23:59:59+00:00"
generated_at: "2026-05-17T05:39:29.191441+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-25-014965
- form_type: 8-K
- ticker: AIXC
- cik: 0001460702
- company_name: AIxCrypto Holdings, Inc.
- filed_at: 2025-09-25T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1460702/000149315225014965/0001493152-25-014965-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1460702/000149315225014965/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-014965
- JSON: https://secwatch.observer/filing/0001493152-25-014965.json
- Plain text: https://secwatch.observer/filing/0001493152-25-014965.txt

## Key facts
- Equity Issuances
  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
  source text: “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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1460702/000149315225014965/0001493152-25-014965-index.htm
- Equity Issuances
  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
  source text: “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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1460702/000149315225014965/0001493152-25-014965-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.