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Faraday Future plans to split its Crypto Flywheel assets into an existing public company

Source: CoinWorld
According to Coinjie.com, Faraday Future, a Nasdaq-listed company owned by Jia Yueting, plans to split its Crypto Flywheel assets into an independent existing listed company (“split”), creating a dual listing structure to unlock value and accelerate growth. The company is expected to announce more details at the upcoming 919 event. The spin-off program aims to create 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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