Digital Currency X Technology Inc. Announces Receipt of Nasdaq Delisting Notification Letter

Core Viewpoint - Digital Currency X Technology Inc. is facing potential delisting from Nasdaq due to non-compliance with the Minimum Bid Price Requirement, as its Class A ordinary shares have been trading below $1.00 for 30 consecutive business days [1][3]. Compliance and Delisting - The company received a notification from Nasdaq stating it is not in compliance with the Minimum Bid Price Requirement, which mandates a minimum closing bid price of $1.00 per share [1]. - The company is not eligible for the standard 180-day compliance period due to having executed reverse stock splits within the past two years, with a cumulative ratio exceeding 250 shares to one [2]. - If the company does not appeal by January 27, 2026, its securities will be delisted and suspended from trading on January 29, 2026 [3]. Appeal and Compliance Efforts - The company plans to appeal the Nasdaq determination and address compliance with the Minimum Bid Price Requirement [4]. - A 12-for-1 share consolidation was executed on January 22, 2026, in an attempt to regain compliance with the Minimum Bid Price Requirement [4]. Company Overview - Digital Currency X Technology Inc. is a digital asset treasury management company with treasury holdings exceeding $1.4 billion, focusing on secure cryptocurrency custody and storage solutions [5]. - The company is engaged in a comprehensive digital currency strategy that includes treasury optimization and participation in decentralized finance (DeFi) ecosystems [5].