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Qualigen (AIXC) shares jump 11.36% intraday following rebrand to AIxCrypto and Faraday Future's 55% stake in AI/Web3 pivot.
ByAinvest
Tuesday, Nov 18, 2025 9:36 am ET1min read
Qualigen surged 11.36% intraday after announcing a strategic pivot from biotechnology to AI and Web3, rebranding as AIxCrypto Holdings, Inc. The transformation, approved by shareholders on November 12, 2025, includes a majority stake acquisition by Faraday Future (55% direct ownership, 63% total with affiliates) and a name/ticker change (QLGN to AIXC) effective November 20. The company also secured shareholder approval for a private placement of shares, signaling confidence in its new DeAI and Web3-focused business model. The shift, coupled with governance changes aligning with Faraday Future’s control, underscores a significant repositioning in the AI x Web3 sector, driving immediate investor optimism.
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