AIxCrypto burned 97% of its cash, then handed $12 million to the company that controls it
AIxCrypto, a pre-revenue company developing a robot-rental marketplace, has depleted 97% of its cash, leaving only $577,328. The company transferred $12 million to securities of its controlling shareholder, Faraday Future, while its digital asset portfolio also saw a significant decline in value. AIxCrypto faces current liabilities nearly triple its remaining cash, with potential future funding routes involving discounted equity issuance or further erosion of its digital asset holdings.
EGamers.io
- Entities
- Faraday Future
- AIxCrypto
- Securities
- Cryptocurrency
- Gold King Arthur Holding Limited
- Financial Analysis
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