Faraday Future Plans Crypto Asset Spin-Off Dual-Listed Structure

Faraday Future Intelligent Electric Inc. (FFAI) is moving forward with plans to spin off its crypto flywheel assets into a separate publicly traded company, establishing two independent yet strategically collaborative entities. This separation is intended to create a second growth engine, allowing the core company to focus on accelerating product delivery and market expansion while the new entity concentrates on its crypto-related business. The C10 Treasury, part of the crypto flywheel assets, has recently completed two rounds of digital asset allocations totaling about $7 million, with active portfolio management outperforming the C10 Index. The board has approved the spin-off strategy, and the company is actively engaging with investment banks, strategic investors, and law firms to execute the plan. Investor confidence was reflected in a more than 6% increase in FFAI shares during after-hours trading following the announcement. Additional details about the spin-off are expected to be disclosed at Faraday Future's upcoming 919 event.