PANews reported on September 13th that Faraday Future, a Nasdaq-listed company owned by Jia Yueting, plans to spin off its Crypto Flywheel assets into an independent, existing public company (the "Spin-off"), creating a dual-listing structure to unlock value and accelerate growth. The company expects to announce further details at its upcoming 919 event. The spin-off plan aims to establish two independently listed entities: FFAI and a new company focused on Crypto Flywheel, which will operate independently and create strategic synergies.PANews reported on September 13th that Faraday Future, a Nasdaq-listed company owned by Jia Yueting, plans to spin off its Crypto Flywheel assets into an independent, existing public company (the "Spin-off"), creating a dual-listing structure to unlock value and accelerate growth. The company expects to announce further details at its upcoming 919 event. The spin-off plan aims to establish two independently listed entities: FFAI and a new company focused on Crypto Flywheel, which will operate independently and create strategic synergies.
Faraday Future plans to spin off its Crypto Flywheel assets into an existing public company
PANews reported on September 13th that Faraday Future, a Nasdaq-listed company owned by Jia Yueting, plans to spin off its Crypto Flywheel assets into an independent, existing public company (the "Spin-off"), creating a dual-listing structure to unlock value and accelerate growth. The company expects to announce further details at its upcoming 919 event. The spin-off plan aims to establish two independently listed entities: FFAI and a new company focused on Crypto Flywheel, which will operate independently and create strategic synergies.
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