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Jia Yueting: Faraday Future has no plans to increase treasury products by issuing shares
Summary: In response to rumors, Jia Yueting tweeted that Faraday Future (FFAI) core principle has always been shareholder priority. The company has no intention to issue FFAI shares for treasury increase. If new policies require issuing shares for such purposes, the company will strictly comply after formal implementation. On August 17, Faraday released the C10 Treasury ...
In response to rumors, Jia Yueting tweeted that Faraday Future (FFAI) core principle has always been shareholder priority. The company has no intention to issue FFAI shares for treasury increase. If new policies require issuing shares for such purposes, the company will strictly comply after formal implementation.
On August 17, Faraday released the C10 Treasury product based on the C10 index allocation. The first phase aims to purchase $5 to $10 billion worth of crypto assets after obtaining necessary funds. The initial allocation amount is $30 million.
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Link: Jia Yueting: Faraday Future has no plans to increase treasury products by issuing shares [Copy]
