Qualigen Therapeutics, a publicly traded company, announced the completion of a $41 million PIPE financing round led by Faraday Future Intelligent Electronics, with participation from its founder and global co-CEO Jia Yueting, President Jerry Wang, and SIGN Foundation, Sequoia Capital (US, India, and China), IDG, and Circle. Faraday Future reportedly invested $30 million, representing approximately 55% of the total equity after the financing. Jia Yueting personally invested approximately $4 million and voluntarily locked up his stake for two years, resulting in a 7% stake. He plans to use the majority of the funds to expand into new crypto businesses. (Business Insider)