24/7 Market News Snapshot 30 September, 2025 – Qualigen Therapeutics, Inc. Common Stock (NASDAQ:QLGN)

September 30, 2025

DENVER, Colo., 30 September, 2025 (www.247marketnews.com) – (NASDAQ:QLGN) are discussed in this article.
Qualigen Therapeutics, Inc. is experiencing significant momentum as it moves to rebrand as CXC10, supported by a substantial strategic investment from Faraday Future Intelligent Electric Inc. This transition reflects the company’s commitment to harnessing blockchain technology and exploring opportunities within the crypto and Web3 sectors. In the pre-market session, Qualigen’s stock surged by 12.53%, trading at $6.054, indicating robust investor interest which may be fueled by the recent announcement and broader market trends.

Faraday Future’s investment of approximately $41 million marks a pivotal moment for Qualigen, with a $30 million commitment and an additional personal investment from Founder and Global Co-CEO YT Jia of $4 million. This capital injection allows Faraday Future to secure a controlling interest of 55% in Qualigen, with Jia emphasizing his belief in the company’s future growth through a two-year lock-up period. The partnership is bolstered by investments from other esteemed entities, including the SIGN Foundation, Sequoia Capital, IDG, and Circle, underscoring strong institutional confidence in the potential of Qualigen’s new strategy.

In light of this new direction, Jia stated, “With this investment officially closed, Faraday Future is entering a new phase in executing its global eco-strategy that intersects EAI and crypto, Web2 and Web3. This powerful ecosystem will create new value for both stockholders and token holders alike.”

The rebranding initiative embodies more than a simple name change; it indicates Qualigen’s transition towards leveraging technological advancements to maximize growth. As CXC10, the company aims to establish itself as a leader in innovative solutions, ultimately delivering enhanced value to its shareholders while navigating the complexities of a dynamic market landscape.

Related news for (QLGN)

NASDAQ and NYSE quotes and data are delayed 15 minutes unless indicated otherwise. Market data and exchange information are provided for informational purposes only and is not intended for trading purposes. Neither 24/7 Market News Editors, 247 Market News, or data and content providers shall be liable for any errors or omissions, delays, misquotes or other market information relayed in any press materials. You should Use Realtime data to conduct due diligence before investing or trading, and trading in any stock is risky you could lose all your money.