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Faraday Future Announced a Total Strategic Investment of $41 million in Qualigen Therapeutics, Inc. (NASDAQ: QLGN) During its Annual 919 Event, for its Crypto Business Focusing on Three Growth Engines

Faraday Future is making an investment of approximately 30millioninQualigenTherapeutics(QLGN);FFFounderandCoCEOYTJiawillinvestapproximately30 million in Qualigen Therapeutics (“QLGN”); FF Founder and Co-CEO YT Jia will invest approximately 4 million (via an FFGP loan) in QLGN with a two-year lockup.The strategic investment, which was announced at the Company’s annual 919 event held in Los Angeles on Sept. 19, accelerates the progress of the “Dual-Flywheel & Dual-Bridge” Eco Strategy to maximize stockholder value. QLGN expects to rebrand as CXC10, focusing on three growth engines with si ...