Faraday Future To Spin Off Crypto Assets: Investor Takeaways

Executive Summary

Faraday Future Intelligent Electric (NASDAQ: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 initiatives.
• What the parent retains: Faraday Future will continue to operate its core EV and mobility ecosystem, including vehicle development, production, and intelligent mobility platforms.
• Tax status: Not disclosed; no confirmation yet whether the transaction …

Full story available on Benzinga.com