Digital Currency X Technology Approves 12-for-1 Share Consolidation Effective January 22, 2026
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1d ago
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Source: seekingalpha
- Share Consolidation Plan: Digital Currency X Technology's board has approved a 12-for-1 share consolidation effective January 22, 2026, aimed at ensuring compliance with Nasdaq Marketplace Rule 5550(a)(2) to maintain its listing status.
- Trading Adjustment Details: Post-consolidation, DCX's Class A ordinary shares will trade on the Nasdaq Capital Market on a split-adjusted basis under the same symbol 'DCX', with a new CUSIP number G4465R137, facilitating a smooth transition for investors.
- Authorized Capital Change: The company's authorized share capital will change from $3 billion into approximately 833,333,333.33 shares at $3.6 each, indicating a significant restructuring aimed at boosting market confidence and operational flexibility.
- Share Reduction Overview: The consolidation will reduce Class A shares from 234,717,048 to about 19,559,754 and Class B shares from 16,001 to approximately 1,334, reflecting the company's efforts to optimize its capital structure and enhance shareholder value.
Analyst Views on DCX
About DCX
Digital Currency X Technology Inc, formerly Chijet Motor Co Inc, is a holding company mainly engaged in the development, manufacture, sales, and service of traditional fuel vehicles and new energy vehicles. The Company’s main business includes the design and development, production, sales, after-sales service and export of new energy vehicles and vehicle parts. The Company's passenger vehicles include small cars, sedans and sports utility vehicles as well as others. The Company's commercial vehicles include light trucks and vans. The Company is also involved in the provision of products and services to the entire value chain for vehicles.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
