Welcome to our dedicated page for Qualigen Therapeutics news (Ticker: QLGN), a resource for investors and traders seeking the latest updates and insights on Qualigen Therapeutics stock.
Qualigen Therapeutics, Inc. (NASDAQ: QLGN), now operating under the name AIxCrypto Holdings, Inc. with the ticker AIXC, generates news that spans both biotechnology and digital asset markets. Company press releases and SEC reports describe a transition from a clinical-stage oncology and infectious disease drug developer into a cross-disciplinary enterprise focused on decentralized AI, Web3 asset infrastructure, and intelligent trading systems.
News items for QLGN and AIXC include updates on strategic financings, such as the $41 million PIPE transaction led by Faraday Future Intelligent Electric Inc., which resulted in majority beneficial ownership and new governance arrangements. Coverage also highlights Nasdaq listing and compliance communications, including notices related to stockholder equity requirements and shareholder approval rules, and the company’s responses through private placements and stockholder meetings.
On the technology and crypto side, the company issues detailed announcements about the launch and evolution of its C10 Cryptocurrency Asset Treasury, which follows an 80% passive and 20% active allocation strategy to top cryptocurrencies, and about partnerships supporting this strategy, such as its agreement with BitGo for digital asset custody and liquidity access. Additional news focuses on the BesTrade DeAI Agent, C10 Index and treasury products, potential C10 ETF concepts, and ecosystem tokens like a potential C10 stablecoin and EAI + Crypto RWA dual-bridge products.
Biotech-focused updates continue to appear as well, including patent grants for QN-302 across numerous countries and descriptions of the company’s ongoing QN-302 clinical trial and Pan-RAS preclinical program. Governance and leadership changes, including new board appointments and executive roles associated with Faraday Future, are also recurring themes. Investors and observers can use this news stream to follow the company’s dual-track evolution in therapeutics and AI × Web3 initiatives.
Qualigen Therapeutics (NASDAQ: QLGN) announced certified stockholder votes approving all proposals and a strategic transformation to AIxCrypto Holdings, Inc. (NASDAQ: AIXC) effective November 20, 2025.
Faraday Future is expected to become the majority controlling shareholder with an estimated 55% direct equity ownership (≈63% including affiliates). Faraday Future will nominate a majority of the board before November 20. The company approved issuance of 337,432 common shares and 39,943 Series B convertible preferred shares, an equity incentive plan, and Nasdaq rule waivers. Full strategic blueprint and board appointments will be unveiled at the November 20 Nasdaq ceremony.
Qualigen Therapeutics (NASDAQ: QLGN) will rebrand as AIxCrypto after its stockholder meeting on November 12, 2025. The company announced a Web3 and crypto asset strategic roadmap that includes a public beta launch of the BesTrade DeAI Agent by the end of November and release of an EAI RWA Utility Token Whitepaper.
AIxCrypto set three 2025 targets: grow the C10 Treasury to $50 million AUM, expand global user growth for BesTrade DeAI Agent, and list crypto ecosystem tokens supported by C10 stablecoin and EAI+Crypto RWA bridge products. As of October 17, 2025, the C10 Treasury completed $12 million in crypto asset allocations. The company is majority owned by Faraday Future Intelligent Electric (NASDAQ: FFAI).
Qualigen Therapeutics (NASDAQ: QLGN) announced a strategic partnership with BitGo on October 23, 2025 to execute its first multi-asset C10 treasury allocation.
The company committed a $30 million market-cap-weighted basket of the world’s top 10 crypto assets (excluding stablecoins). BitGo will provide OTC execution, access to deep liquidity, and regulated cold custody with compliance protocols to safeguard Qualigen’s treasury assets.
The move formalizes Qualigen’s shift toward a diversified digital-asset treasury strategy and leverages BitGo’s institutional infrastructure to streamline treasury operations.
Qualigen Therapeutics (NASDAQ: QLGN) announced the official launch of its C10 Cryptocurrency Asset Treasury (DAT) purchases, with buying set to begin next week.
The company said it established USD settlement, bank accounts, and crypto custody but has not purchased any virtual currencies yet. Management framed the recent crypto pullback as a deleveraging event—citing $16 billion in leveraged liquidations and ~$200 billion wiped from market cap—and said Ethena's USDe unpegging contributed ~10–15% of liquidations. CXC10 will use an 80/20 passive/active allocation, expand hedging tools, pursue strategic M&A, and promote C10 private and ETF products to grow assets under management.
Qualigen Therapeutics (NASDAQ: QLGN) announced leadership, board and auditor changes in early October 2025 to support its next growth phase. Effective October 2, 2025, Jerry (Jiawei) Wang was named Co-CEO and Koti Meka named CFO. The Board expanded after a September 29, 2025 private placement, adding Kevin Chen, Chad Chen, and Jay Sheng with committee assignments for audit, nominating & governance, and compensation. Audit firm Withum resigned effective October 1, 2025, and the Audit Committee approved engagement of MGO to audit the fiscal year ending December 31, 2025, subject to client acceptance procedures.
The company reported the board resignations were amicable and not due to disagreements with operations or policies.
Qualigen Therapeutics (NASDAQ: QLGN) has announced the successful closing of a $41 million PIPE financing, primarily led by Faraday Future (NASDAQ: FFAI). The financing includes a $30 million investment from FF, representing approximately 55% ownership, and a $4 million personal investment from FF's Founder YT Jia.
The company is undergoing a strategic transformation into a Web3- and crypto-focused business, planning to rebrand as CXC10. The new business will focus on three main areas: C10 Digital Asset Treasury, DeAI Agent trading platform, and RWA & Ecosystem Tokens. As part of this transformation, Jerry Wang joins as Co-CEO, and FF's CFO Koti Meka assumes the CFO role at QLGN.
Faraday Future (NASDAQ: FFAI) has announced a strategic $41 million PIPE investment in Qualigen Therapeutics (NASDAQ: QLGN), marking a significant shift into crypto and Web3 business. The investment, led by FF and its Founder YT Jia, includes a $30 million investment from FF at $2.246 per share (55% ownership) and a $4 million personal investment from YT Jia (7% ownership).
Following the transaction, FF and YT Jia will control approximately 62% of QLGN's outstanding shares. The deal includes significant management changes, with YT Jia becoming Chief Advisor, Jerry Wang appointed as Co-CEO, and FF gaining board nomination rights. The structure allows FF to maintain its EV focus while expanding into crypto through QLGN.
Qualigen Therapeutics (NASDAQ: QLGN) received two communications from Nasdaq regarding its listing status. The company was notified on July 23, 2025, about non-compliance with the $2.5 million stockholder's equity requirement. In response, QLGN has successfully addressed three key requirements: filing its Q1 2025 10-Q by July 21, regaining compliance through a $4.5 million private placement of Series A-3 Preferred Stock, and submitting a compliance maintenance plan to Nasdaq.
The company plans to file an 8-K including a pro forma balance sheet demonstrating compliance with stockholder's equity requirements, though it cautions there's no guarantee of maintaining Nasdaq listing standards.
Qualigen Therapeutics (NASDAQ:QLGN), a life sciences company focused on cancer treatments, has secured $4.5 million in private placement funding through the sale of Series A-3 Preferred Stock. The company sold 4,500 shares at $1,000 per share to institutional and accredited investors.
The Series A-3 Preferred Stock is convertible into 1,607,143 common shares at an initial conversion price of $2.80 per share. Univest, LLC served as the exclusive placement agent, and the proceeds will be used for working capital purposes. The company has committed to filing a registration statement with the SEC within 45 days for the resale of the underlying common shares.
Qualigen Therapeutics (NASDAQ: QLGN) has announced significant patent developments for its drug QN-302 in the first half of 2025. The company has secured patents titled "Substitued Naphthalene Diimides and Their Use" across 25 countries, including major markets in Europe, India, China, and Russia.
The drug, originally developed by Professor Stephen Neidle's team at University College London and licensed by Qualigen, is targeted at treating Pancreatic and Gastrointestinal Cancer. These patents, which extend into 2040, cover both the product and its manufacturing methods.
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