24/7 Market News Snapshot 19 September, 2025 – Qualigen Therapeutics, Inc. Common Stock (NASDAQ:QLGN)
DENVER, Colo., 19 September, 2025 (www.247marketnews.com) – (NASDAQ:QLGN) are discussed in this article.
Qualigen Therapeutics, Inc. (NASDAQ:QLGN) has recently captured significant market attention with a remarkable surge in its stock price, opening at $3.00 and soaring to $5.70, marking a substantial increase of 100.7%. This robust performance, evident from a trading volume of 5.76 million shares, indicates strong investor confidence and interest, suggesting a potential continuation of this upward momentum as the company progresses.
In a pivotal development, Qualigen has signed a significant securities purchase agreement with Faraday Future Intelligent Electric Inc. (NASDAQ:FFAI), which aims to enhance both companies’ positions in the evolving cryptocurrency and Web3 sectors. This private investment in public equity (PIPE) agreement entails an investment of approximately $41 million, with Faraday Future committing around $30 million at an effective share price of $2.246, granting them beneficial ownership of about 55% of QLGN’s outstanding common stock.
YT Jia, the Founder and Global Co-CEO of Faraday Future, is set to personally invest around $4 million, increasing his total stake in Qualigen to approximately 7%. As a cornerstone investor, Jia will assume an advisory role, contributing to the strategic direction of Qualigen. The collaboration emphasizes a commitment to rebranding Qualigen as CXC10 and leveraging three key growth engines focused on developing a comprehensive cryptocurrency ecosystem.
With unanimous board support for this transformative investment, Qualigen is equipped to explore innovative financing avenues and enhance shareholder value while minimizing potential dilution for existing investors. This strategic partnership heralds a promising future for both companies, as they work to capitalize on emerging technological advancements and redefine their respective industries amidst the rapidly changing economic landscape.