Digital Currency X Technology Inc. Announces 12-for-1 Share Consolidation to Regain Nasdaq Compliance
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 22h ago
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Source: Newsfilter
- Share Consolidation Plan: Digital Currency X Technology Inc. approved a 12-for-1 share consolidation on December 24, 2025, effective January 22, 2026, to regain compliance with Nasdaq rules, ensuring continued listing on the exchange.
- Share Capital Changes: Post-consolidation, the company's authorized capital will be adjusted to $3 billion divided into 833,333,333.33 shares with a par value of $3.6 each, significantly reducing the number of shares in circulation, which is expected to enhance per-share value and improve market perception.
- Outstanding Shares Reduction: The total issued and outstanding Class A shares will decrease from 234,717,048 to approximately 19,559,754, while Class B shares will drop from 16,001 to about 1,334, further optimizing the capital structure to attract investors.
- Strategic Positioning: Digital Currency X Technology focuses on digital asset management with over $1.4 billion in holdings, and the consolidation will help solidify its position in the evolving cryptocurrency market, driving future growth.
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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.
