---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-25-016923"
form_type: "8-K"
ticker: "AIXC"
cik: "0001460702"
company_name: "AIxCrypto Holdings, Inc."
filed_at: "2025-10-03T23:59:59+00:00"
generated_at: "2026-05-17T04:44:05.292082+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Qualigen closes $41M PIPE led by Faraday Future, pivots to crypto business as CXC10

## Summary
- Faraday Future invested $30M for ~55% pro forma beneficial ownership; YT Jia invested $4M with 2-yr lockup.
- Jerry Wang appointed Co-CEO; Koti Meka (FF CFO) appointed CFO; board cut to 5 with two FF designees.
- Up to $6.8M for debt/operations; balance to fund crypto treasury; plans to rebrand as CXC10.
- Series B convertible preferred issued at $1,000/share, convertible to common at $2.246, subject to shareholder approval by Oct 29.
- Placement agent warrants issued for 6% of securities at $2.47 exercise price.

## SEC filing metadata
- accession: 0001493152-25-016923
- form_type: 8-K
- ticker: AIXC
- cik: 0001460702
- company_name: AIxCrypto Holdings, Inc.
- filed_at: 2025-10-03T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1460702/000149315225016923/0001493152-25-016923-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1460702/000149315225016923/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-016923
- JSON: https://secwatch.observer/filing/0001493152-25-016923.json
- Plain text: https://secwatch.observer/filing/0001493152-25-016923.txt

## Key facts
- Equity Issuances
  AIxCrypto Holdings, Inc. issued warrants to purchase number of shares equal to 6% of the securities sold in the Offering of warrant to Univest Securities LLC (Placement Agent) for cash fee of 5.5% of gross proceeds and issuance of warrants.
  - Security: warrant
  - Shares: warrants to purchase number of shares equal to 6% of the securities sold in the Offering
  - Purchaser: Univest Securities LLC (Placement Agent)
  - Consideration: cash fee of 5.5% of gross proceeds and issuance of warrants
  source text: the Company agreed to pay the Placement Agent a cash fee of 5.5% of the gross proceeds from the Offering and to issue to the Placement Agent (or its designees) warrants to purchase that number of shares of Common Stock equal to 6% of the securities sold in the Offering, which will be exercisable immediately following
  evidence_url: https://www.sec.gov/Archives/edgar/data/1460702/000149315225016923/0001493152-25-016923-index.htm
- Equity Issuances
  AIxCrypto Holdings, Inc. issued 337,432 shares of common stock to certain investors, including Faraday Future Intelligent Electric Inc. for cash consideration of $2.246 per share.
  - Security: common stock
  - Shares: 337,432 shares
  - Purchaser: certain investors, including Faraday Future Intelligent Electric Inc.
  - Consideration: cash consideration of $2.246 per share
  source text: Stock”) and 17,783 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/1460702/000149315225016923/0001493152-25-016923-index.htm
- Equity Issuances
  AIxCrypto Holdings, Inc. issued 17,783 shares of preferred stock to certain investors, including Faraday Future Intelligent Electric Inc. for cash consideration of $1,000 per share.
  - Security: preferred stock
  - Shares: 17,783 shares
  - Purchaser: certain investors, including Faraday Future Intelligent Electric Inc.
  - Consideration: cash consideration of $1,000 per share
  source text: 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 Series B Stock were allocated among the investors so that no
  evidence_url: https://www.sec.gov/Archives/edgar/data/1460702/000149315225016923/0001493152-25-016923-index.htm

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