Recent Updates — CJET
Digital Currency X Technology Inc. announced that shareholders approved a 160-for-one share consolidation of its Class A and Class B ordinary shares at an extraordinary general meeting on September 3, 2026. The reverse split reduces the outstanding share count from approximately 375 million to roughly 2.3 million and increases the par value to US$0.016 per share. The consolidation becomes effective at 12:01 AM Eastern Time on September 28, 2026, with trading resuming on a post-split basis under symbol DCX on Nasdaq that same day. Fractional shares will be rounded up to the nearest whole share rather than paid in cash. This corporate action is designed to restore compliance with Nasdaq listing requirements and improve liquidity for this digital asset treasury management company.
Digital Currency X Technology Inc. filed unaudited condensed consolidated financial statements for the six months ended June 30, 2026, alongside an operating and financial review. The company completed a strategic transformation by disposing of its electric vehicle manufacturing business on March 20, 2026, resulting in a $258.83 million gain from discontinued operations. Continuing operations reported a net loss of $189.01 million, driven primarily by an $186.97 million unrealized fair value loss on crypto assets. On June 24, 2026, the company entered into a securities purchase agreement for a private placement valued at US$700 million, issuing 331,753,557 Class A Ordinary Shares and warrants at $2.11 per unit. As of July 3, 2026, the company received approximately 491.8 million EDGEAI tokens as consideration for this placement. The company operates in the digital asset sector, providing on-chain data aggregation services through its NexFi Inc subsidiary.
On September 3, 2026, shareholders approved a 160-for-1 reverse stock split effective upon confirmation by The Nasdaq Stock Market LLC. Concurrently, the company increased authorized share capital to US$48 million divided into 3 billion shares and executed a share capital reduction reorganization to restore par value and authorized share counts. Digital Currency X Technology Inc. operates in the digital currency technology industry.
Digital Currency X Technology Inc. announced an extraordinary general meeting for September 3, 2026, to vote on a 160-for-1 reverse stock split effective upon Nasdaq confirmation. The proposal also includes increasing authorized share capital from US$300,000 to US$48,000,000 and reducing par value from US$0.016 back to US$0.0001 via a capital reduction and reorganization. These actions aim to restore compliance with Nasdaq listing requirements by increasing the share price. The company operates in the digital currency technology sector.