Digital Currency X Technology Inc. Announces 12-for-1 Share Consolidation to Maintain Nasdaq Listing
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1d ago
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Source: Globenewswire
- Share Consolidation Plan: Digital Currency X Technology Inc. approved a 12-for-1 share consolidation on December 24, 2025, set to take effect on January 22, 2026, to ensure compliance with Nasdaq Rule 5550(a)(2), thereby maintaining its listing status.
- Share Adjustment Details: Post-consolidation, the company's ordinary shares will decrease from 234,717,048 to approximately 19,559,754, with the par value increasing from $0.3 to $3.6 per share, significantly enhancing per-share value and boosting investor confidence.
- No Fractional Shares Issued: The consolidation will not result in the issuance of fractional shares, as all shareholders will automatically convert to new shares, ensuring the integrity of shareholder rights and avoiding potential disputes related to fractional shares.
- Strategic Positioning: Digital Currency X Technology Inc. is strategically positioned in the digital asset management sector, holding over $1.4 billion in assets, and the consolidation will further solidify its leadership in the cryptocurrency custody solutions market.
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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.
