AIx Cryptocurrency, modifies the investment agreement with Faraday Future... increases to $12 million and introduces "Vehicle Delivery Linkage" warrants

AIx Crypto Holdings(AIxCrypto Holdings, $AIXC) has revised its investment agreement related to Faraday Future Intelligent Electric(Faraday Future Intelligent Electric, $FFAI), increasing the investment amount from the original $10 million to $12 million. In Korean won, this is approximately 17.6136 billion won. The revision not only involves a simple capital increase, but also includes changes to the stock purchase structure, the method for calculating the pricing, and the potential application of “physical asset tokenization” in the future, which is drawing market attention.

On the 17th (local time), AIx크립토 announced via a press release that it has amended the securities purchase agreement (SPA) it had entered into with its designated third-party investor, Gold King Arthur Holdings Limited, and Faraday Future. According to the company, under the revised agreement, out of the total $12 million investment, $500,000 will be used to purchase Faraday Future’s A-class common stock, and the remaining $11.5 million will be used to purchase newly issued C-series preferred stock.

The most significant change in this agreement is that the original “fair value” stock price adjustment mechanism has been removed; in its place, new equity subscription warrants linked to achieving specific performance targets have been introduced. The new warrants give the holder the right to purchase up to 1 million shares at a price of $1.50 per share, valid until April 2030. However, these warrants are not structured for immediate exercise—only once Faraday Future delivers 500 FX Super Yuan vehicles will the exercise conditions be satisfied. This effectively ties the possibility of investment returns to the company’s actual vehicle delivery performance.

The stock price calculation method has also been adjusted. The purchase price for the common stock and the conversion price for the preferred stock will be determined based on the average closing prices over the 10 trading days prior to the signing of the agreement. If calculated using the reference price on April 14 of $0.25956 per share, the $500,000 common stock investment would be approximately 1,926,337 shares of A-class common stock.

AIx Crypto does not view this transaction as a simple financial investment. The company said it is studying plans to use relevant portions of the shares as underlying assets for a future “physical asset tokenization” ecosystem. Of course, actual advancement will require additional procedures such as regulatory approval and consent from third parties. Even so, this move is still considered meaningful because it attempts to connect traditional capital market assets with blockchain infrastructure.

AIx Crypto’s Co-CEO Kevin·Richardson explained that this revision reflects confidence in Faraday Future’s execution roadmap. He said that the warrant structure linked to vehicle delivery progress leaves room for meaningful additional upside, while also providing a flexible framework to support the company’s own blockchain ecosystem.

AIx Crypto is a technology company building a three-tier structure of infrastructure, protocols, and applications, committed to creating an ecosystem connecting AI agents and robots, smart vehicles, drones, and other edge devices. This agreement can also be seen as a test case for the integration point between “physical asset tokenization” and Web3 infrastructure within this concept.

However, the company’s proposed tokenization application concept is still in an early stage. Whether it can be commercialized depends largely on Faraday Future’s vehicle delivery performance, the market environment, the improvement of relevant regulations, and subsequent approval procedures. Ultimately, this transaction is interpreted less as an expansion of the investment itself, and more as a directional example revealing AIx Crypto’s attempt to connect publicly listed company equity with blockchain applications.

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