Executive Summary

Faraday Future Intelligent Electric FFAI has approved a plan to spin off its Crypto Flywheel assets, including the C10 Treasury, into a separately listed company to be called CXC10. The separation is strategically significant as it draws a clean line between the core EV business and the nascent Web3/crypto venture, giving each entity sharper investor visibility and tailored fundraising avenues. More details are expected at the company’s “919 Futurist Day & Stockholders’ Community Day” on September 19, 2025.

Spin-Off Details

What’s being spun off: CXC10, housing Faraday Future’s “crypto flywheel” assets, primarily the C10 Treasury, digital asset holdings, and related Web3… Read more on Benzinga