Faraday Future Intelligent Electric Inc. has been confirmed as the new majority shareholder with an expected 55% equity ownership, increasing to approximately 63% with affiliated stockholders. The company will officially rename to AIxCrypto Holdings, Inc. on November 20, unveiling a new business model and ecosystem structure. Shareholders approved all proposals, including the issuance of common and preferred shares, supporting the strategic transformation. The renaming ceremony will take place at Nasdaq Headquarters in New York, marking a shift to decentralized AI technology and Web3 integration. Investors can expect a detailed strategic blueprint during the event, positioning AIxCrypto as a key player in the AI × Web3 era.

Read more at GlobeNewswire: Qualigen Therapeutics Stockholders Approve All Proposals