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Digital Currency X Technology Inc. Regains Compliance with Nasdaq Minimum Market Value of Listed Securities Requirement
Globenewswire· 2026-01-29 12:18
Group 1 - Digital Currency X Technology Inc. has regained compliance with Nasdaq's market value requirement after previously failing to maintain a minimum market value of listed securities of $35 million [1] - The company was notified on December 12, 2025, about its non-compliance, but the January Notice confirmed that it has met the requirement for the last 20 consecutive business days, from December 23, 2025, to January 22, 2026 [1] - The matter regarding compliance with Nasdaq Listing Rule 5550(b)(2) is now closed [1] Group 2 - Digital Currency X Technology Inc. is focused on developing infrastructure for secure cryptocurrency custody and storage solutions [2] - The company has treasury holdings exceeding $1.4 billion and is positioned at the forefront of institutional digital asset adoption [2] - The company's digital currency strategy includes treasury optimization, participation in decentralized finance (DeFi) ecosystems, and the development of advanced custody infrastructure [2]
Digital Currency X Technology Inc. Announces Receipt of Nasdaq Delisting Notification Letter
Globenewswire· 2026-01-23 21:00
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].
Digital Currency X Technology Inc. Announces 12 for 1 Share Consolidation
Globenewswire· 2026-01-20 11:30
Core Viewpoint - Digital Currency X Technology Inc. has announced a share consolidation on a 12 for 1 ratio to regain compliance with Nasdaq listing requirements, effective January 22, 2026 [1][2]. Share Consolidation Details - The share consolidation will automatically convert every 12 ordinary shares into one ordinary share without requiring action from shareholders [3]. - No fractional shares will be issued; shareholders will receive one full share instead of any fractional share resulting from the consolidation [3]. Changes in Share Capital - The authorized share capital will remain at US$3,000,000,000, but the structure will change from 10,000,000,000 shares of par value US$0.3 to approximately 833,333,333 shares of par value US$3.6 [4]. - The total issued and outstanding Class A ordinary shares will decrease from 234,717,048 shares to approximately 19,559,754 shares, while Class B ordinary shares will decrease from 16,001 shares to approximately 1,334 shares [4]. Company Overview - Digital Currency X Technology Inc. is focused on digital asset treasury management, with treasury holdings exceeding US$1.4 billion [5]. - The company aims to develop secure cryptocurrency custody solutions and is actively participating in decentralized finance (DeFi) ecosystems [5].