Digital Currency X Technology Inc. Faces Nasdaq Delisting Risk as Shares Plunge 32%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: stocktwits
- Delisting Risk Notification: Digital Currency X Technology Inc. received a notice from Nasdaq on January 20, indicating non-compliance with the minimum bid price of $1 per share over the past 30 days, with plans to appeal by January 27; failure to do so will result in suspension of trading on January 29.
- Stock Price Plunge: The company's shares fell 32% in after-hours trading on Friday, reflecting market concerns over its compliance capabilities, as retail sentiment shifted from 'extremely bearish' to 'bearish', indicating strong investor unease about future prospects.
- Share Consolidation Plan: To regain compliance, Digital Currency X plans a 12-for-1 share consolidation effective January 22, 2026, although the company admits it may not meet Nasdaq's requirements, increasing uncertainty for investors.
- Brand Transformation: Formerly known as Chijet Motor, Digital Currency X recently announced an agreement with EdgeAI Frontier Technology to acquire up to $1 billion in EdgeAI tokens at a 20% discount, marking its pivot towards decentralized intelligence and blockchain technologies.
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.
