06:46 AM EDT, 09/30/2025 (MT Newswires) -- Faraday Future Intelligent Electric ( FFAI ) said Tuesday that the $41 million investment in Qualigen Therapeutics ( QLGN ) has closed.

Faraday Future led the investment with roughly $30 million, while the company's co-founder Yueting Jia contributed an additional $4 million.

Other investors included SIGN Foundation, Sequoia Capital, IDG, and Circle, Faraday Future said.

On closing, Faraday Future now owns about 55% of Qualigen Therapeutics' ( QLGN ) pro forma common stock, while Jia holds 7%, it added.

Faraday Future shares were down 2.2% in recent Tuesday premarket activity.