Digital Currency X Technology Inc. Announces 12-for-1 Share Consolidation
Overview of the Share Consolidation
On January 20, 2026, Digital Currency X Technology Inc. (Nasdaq: DCX) announced a significant corporate action. The company's board of directors approved a 12-for-1 share consolidation effective January 22, 2026. This strategic move aims to ensure compliance with Nasdaq Marketplace Rule 5550(a)(2), hence preserving its listing on the Nasdaq.
Details of the Share Consolidation
Beginning with the opening of trading on January 22, 2026, the Class A ordinary shares of DCX will trade on the Nasdaq Capital Market on a split-adjusted basis. This change will occur under the same stock symbol, DCX, but will have a new CUSIP number, G4465R137.
- Each 12 ordinary shares will merge into one issued ordinary share.
- No fractional shares will be issued; shareholders will receive one whole share instead.
Impact on Share Capital
Upon the effective date of the share consolidation, the company's authorized share capital will transition from US$3 billion divided into 10 billion shares of par value US$0.3 each to US$3 billion divided into approximately 833.3 million shares of par value US$3.6 each. The changes in share classes will also reflect:
- Class A ordinary shares will reduce from 234,717,048 to about 19,559,754.
- Class B ordinary shares will decrease from 16,001 to approximately 1,334.
About Digital Currency X Technology Inc.
Digital Currency X Technology Inc. (NASDAQ: DCX) is at the forefront of digital asset management, providing secure custody and storage solutions for cryptocurrencies. The company is recognized for its substantial treasury holdings exceeding US$1.4 billion and for its strategic initiatives in institutional digital asset adoption, including:
- Treasury optimization.
- Participation in decentralized finance (DeFi) ecosystems.
- Development of advanced custody infrastructure.
Forward-Looking Statements
This announcement contains forward-looking statements, reflecting DCX's projections for future performance and outcomes. These statements are subject to numerous risks and uncertainties, including market dynamics, economic conditions, and regulatory changes, which could affect actual results significantly.
Investors are advised to consider the inherent uncertainties associated with these forward-looking statements and should not place undue reliance on them. The company may update these statements only as required by law.