Qualigen Therapeutics Shareholders Endorse All Proposals with Majority Vote; Company Set to Rebrand as AIxCrypto Holdings, Inc. (Nasdaq: AIXC) After November 20 Nasdaq Ceremony and Reveals Shift to AI × Web3 Strategy
Shareholder Approval: Shareholders approved all proposals, confirming Faraday Future as the majority and controlling shareholder of Qualigen Therapeutics, with an estimated 63% equity ownership including affiliates.
Corporate Renaming and Ticker Change: The company will officially rename itself AIxCrypto Holdings, Inc. and adopt the ticker symbol AIXC during a ceremony at Nasdaq on November 20, 2025.
Strategic Transformation Announcement: At the renaming ceremony, AIxCrypto will unveil a new business model, ecosystem structure, and a three-year development roadmap aimed at positioning itself as a leader in the AI × Web3 era.
Governance Restructuring: Faraday Future will designate the majority of the reconstituted Board of Directors, completing governance updates to align with the company's new strategic direction and technology focus.
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- International Recognition: Faraday Future showcased the BIBS-FF AI Robotics Institute at the World Leaders Forum in New York, receiving strong recognition from leaders across AI, robotics, and education, marking the company's significant position in the global AI education ecosystem.
- Strategic Collaboration: Established on May 7, 2026, the BIBS-FF AI Robotics Institute aims to integrate robot deployment, educational systems, and large-scale data generation, promoting professional talent development and industry standards, further solidifying Faraday Future's leadership in the Physical AI field.
- Future Event Schedule: Faraday Future will continue to host a series of AI and robotics-related events, including the Artificial Intelligence and Robotics Education Forum in Boston on May 31 and the World Leaders Summit AI Investment Closed-Door Meeting in New York on June 4, aimed at fostering collaboration between global investors and entrepreneurs.
- Education and Innovation: The BIBS-FF AI Robotics Institute serves not only as an educational platform but also as a bridge connecting global educational resources with industrial innovation, as Faraday Future seeks to drive educational transformation in the Physical AI field and cultivate future talent.
- International Recognition: The BIBS–FF AI Robotics Institute, as the first industry-driven Physical AI and Robotics Institute in the U.S., gained significant international recognition at the forum, attracting leaders from AI, education, and finance, highlighting its importance in the global education ecosystem.
- Strategic Collaboration: FF signed a strategic memorandum of understanding with BIBS on May 7, 2026, aimed at advancing the global Embodied AI education ecosystem and talent development framework, further solidifying its leadership position in the industry.
- Future Event Schedule: FF will continue to host a series of AI and robotics-related events, including the Artificial Intelligence and Robotics Education Forum in Boston on May 31, 2026, and the World Leaders Summit AI Investment Closed-Door Meeting in New York on June 4, promoting international investment and collaboration.
- Education and Innovation Integration: Chris Chen, Co-CEO of FF, emphasized that the institute serves not only as an educational platform but also as a bridge connecting global educational resources with industrial innovation, aiming to drive talent development and establish industry standards in the Physical AI field.
- Strategic Partnership: FF has entered into a strategic partnership with Sequoia Education Center, a leading K-12 education group in North America, signing a sales contract for 23 FF EAI robots, which will enhance FF's influence in the educational market through collaborative curriculum development.
- Largest Order: The 23-unit order represents FF's largest sales order to date, helping the company steadily progress towards its sales targets for the first delivery season, thereby solidifying its leadership position in the global B2C robotics market.
- Healthcare Implementation: FF has delivered its first humanoid robot to a well-known medical institution in Los Angeles, marking the real-world application of FF EAI robots in healthcare, which validates the significant potential of humanoid robots in high-value sectors.
- Successful Shareholder Meeting: On May 22, FF successfully held its annual stockholders' meeting, with all proposals receiving approximately 80% approval, reflecting shareholders' trust in the company's EAI robotics strategy and new leadership team, thereby boosting confidence in future growth.

- Shareholder Support for Strategy: Faraday Future received overwhelming support from shareholders at its annual meeting for the new executive leadership and strategic direction, indicating strong investor confidence in the company's future, which is expected to bolster its leadership in the EAI robotics market.
- Increased Shipment Target: The company raised its full-year shipment target for 2026 from 1,000 to 1,500 units and plans to launch a new EAI robotics product in June, which is anticipated to accelerate market penetration and enhance revenue potential, further solidifying its market share.
- Financing to Support Growth: Over the past two months, the company secured $70 million in financing, sufficient to support the Phase 1 objectives of its EAI robotics strategy, demonstrating institutional investors' confidence in the company's prospects and enhancing financial stability.
- Capital Structure Optimization: Shareholders approved a 45% increase in authorized shares and a reverse stock split to mitigate Nasdaq delisting risks, which will provide necessary flexibility for future capital raising and strategic execution.
- Educational Ecosystem Development: Chris Chen, Co-CEO of FF AI-Robotics, highlighted at the Orange County Maker Challenge that family education will be the first major scenario in the consumer robotics market, indicating the company's strategic focus on the education sector.
- Product Showcase and Interaction: During the award ceremony, FF's EAI robotics products, Master and Aegis, appeared as 'mystery award presenters,' showcasing AI-driven interactive technology that enhanced student and educator engagement with the company's innovations.
- STEM Education Collaboration: FF is actively expanding collaboration opportunities with schools, educational institutions, and industry partners, aiming to enhance K-12 students' engineering thinking and creativity through EAI robotics education, thereby driving educational innovation.
- Future Development Vision: The company plans to continue advancing the development of a scaled EAI education ecosystem, helping students become creators and leaders in the AI era, further solidifying its brand influence in the U.S. education market.

- Funding Supports Strategic Goals: Faraday Future recently completed a $25 million financing round, combined with the previously announced $45 million, totaling $70 million to fully support the company's Phase 1 EAI robotics strategy by the end of 2026, ensuring its competitiveness in the North American market.
- Pursuit of Market Leadership: The company aims to become a leader in the North American EAI humanoid and bionic robot market within five years through real-world deployment volume, planning to increase robot shipments from 1,000 to 1,500 units by 2026, indicating strong growth potential in the education and family markets.
- Technological Innovation and Product Transformation: Faraday Future will drive the evolution of robots from task-level autonomy to long-horizon autonomy through the continuous development of the EAI Brain and open developer platform, expecting to attract over 100 developers and launch more than 100 Skills and Agents, significantly enhancing the practical use value of its robots.
- Financial and Capital Structure Optimization: The company plans to achieve positive operating cash flow by Q4 2027 and will gradually transition towards medium to long-term financial investors while optimizing its shareholder structure and reducing reliance on dilutive convertible debt financing, ensuring sustainable growth and maximizing shareholder interests.






