Digital Currency X Technology Enters Into Securities Purchase Agreement for a Private Placement of US$700 Million of Units, Payable in U.S. Dollars or Digital Assets, to Advance Its Digital Asset Treasury Strategy

Digital Currency X Technology (Nasdaq: DCX) entered a securities purchase agreement for a US$700 million private placement of Units.

Rhea-AI Summary

Digital Currency X Technology (Nasdaq: DCX) entered a securities purchase agreement for a US$700 million private placement of Units. Each Unit includes one Class A ordinary share and three warrants, priced at US$2.11, with warrants exercisable at US$2.11 from June 24, 2026 for three years.

Proceeds are earmarked for working capital and general corporate purposes, supporting DCX’s digital asset treasury strategy and expansion of its AI cloud computing services. The deal supports DCX’s shift from legacy EV manufacturing to a focused digital-asset treasury and technology model and allows payment in U.S. dollars or agreed digital assets such as Bitcoin and Ethereum.

Positive

• US$700 million private placement to fund operations and growth initiatives
• Flexible payment in U.S. dollars or digital assets including Bitcoin and Ethereum
• Proceeds support digital asset treasury strategy and AI cloud services expansion
• Financing structure aligns with DCX’s treasury-focused, digital-asset operating model
• Supports transition away from legacy EV manufacturing toward technology-focused business

Negative

• New shares and three warrants per Unit increase DCX’s outstanding and potential equity
• Three-year warrants at US$2.11 may create an overhang of exercisable securities

Argus Jun 25 session

-36.65% close to close Open Argus

Details

News Market Reaction – DCX

On Jun 25, the day this news came out, DCX closed 36.65% below the previous close.

Data tracked by StockTitan Argus for the Jun 25 session.

Key Figures

Private placement size: US$700,000,000 Unit purchase price: US$2.11 Warrants per unit: 3 warrants +5 more

Private placement size

US$700,000,000

Aggregate value of units in securities purchase agreement

Unit purchase price

US$2.11

Purchase price per Unit in private placement

Warrants per unit

3 warrants

Each Unit includes three warrants

Par value per share

US$0.0001

Par value of Class A ordinary share

Warrant term

3 years

Warrants expire three years after June 24, 2026

Share consolidation ratio

12-for-1

Share consolidation effective January 22, 2026

Nasdaq market value threshold

$35,000,000

Market value maintained for 20 consecutive business days

Staking yield range

3.5%–8%

Floating annualized return on EdgeAI token staking

Historical Context

5 past events · Latest: Feb 20

5 events

1. Feb 20

   Nasdaq compliance regained

   24h Move

   +3.6%

   Regained compliance with Nasdaq minimum bid price, canceling delisting hearing.

2. Jan 29

   Market value compliance

   24h Move

   +34.3%

   Regained compliance with Nasdaq market value of listed securities requirement.

3. Jan 23

   Nasdaq delisting notice

   24h Move

   -25.7%

   Received Nasdaq delisting notification for failing $1.00 minimum bid requirement.

4. Jan 20

   Share consolidation

   24h Move

   -14.7%

   Announced 12-for-1 share consolidation to address Nasdaq bid price deficiency.

5. Jan 07

   Token staking deal

   24h Move

   -6.9%

   Expanded digital asset strategy via 12‑month EdgeAI token staking agreement.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

securities purchase agreement, private placement, warrants, staking agreement

4 terms

securities purchase agreement financial

"announced that it has entered into a securities purchase agreement (the “Agreement”)"

A securities purchase agreement is a written contract between a buyer and a seller outlining the terms for buying or selling financial assets such as stocks or bonds. It specifies details like the price, quantity, and conditions of the transaction, similar to a shopping list with agreed-upon terms. For investors, it provides clarity and legal protection when transferring ownership of these financial instruments.

private placement financial

"for a private placement of an aggregate of US$700,000,000 of units"

A private placement is a sale of securities directly to a selected group of investors, typically institutions or accredited investors, instead of through a public offering. It lets a company raise money faster and with fewer regulatory steps; for existing shareholders it matters because the newly issued shares, often sold at a discount, increase the share count and can dilute their ownership.

warrants financial

"Each Unit consists of one Class A ordinary share... and three warrants"

Warrants are special documents that give you the right to buy a company's stock at a set price before a certain date. They are often used as a way for companies to attract investors or raise money, and their value can increase if the company's stock price goes up.

View in glossary

staking agreement financial

"executed a 12-month staking agreement with EdgeAI Foundation to stake"

A staking agreement is a contract where an asset owner agrees to lock or transfer ownership of tokens, shares, or other assets to a third party or system for a set time so those assets can be used to secure a network, back a loan, or earn rewards. For investors it matters because it changes liquidity (you often cannot sell while assets are staked), creates expected income from rewards or fees, and introduces counterparty and operational risk—think of it like lending your money to someone who pays interest but limits your access while using the funds.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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NEW YORK, June 25, 2026 (GLOBE NEWSWIRE) -- Digital Currency X Technology Inc. (Nasdaq: DCX) (“DCX” or the “Company”), a digital asset treasury management company, today announced that it has entered into a securities purchase agreement (the “Agreement”) with certain investors for a private placement of an aggregate of US$700,000,000 of units of the Company (the “Units”). Each Unit consists of one Class A ordinary share, par value US$0.0001 per share (the “Ordinary Share”), and three warrants (the “Warrants”). The purchase price per Unit is US$2.11, and the Warrants have an exercise price of US$2.11 per share (subject to adjustment as set forth in the Warrants), are exercisable on or after June 24, 2026, and will expire three years after such date. The Company intends to use the proceeds from the private placement for working capital and general corporate purposes, including the continued execution of its digital asset treasury strategy and the expansion of its newly established AI cloud computing services business, further diversifying the Company’s revenue base.

The transaction advances the Company’s strategic transition from its legacy electric-vehicle manufacturing operations to a focused digital-asset treasury and technology business. By accepting Bitcoin, Ethereum, and other agreed digital assets as payment for the Units, DCX has aligned the financing mechanics with the assets it already holds, manages, and stakes, allowing the Company to grow its digital asset treasury directly, rather than solely through open-market purchases funded by cash proceeds.

“This financing is structured to match how we operate as a treasury-focused company,” said Melissa Chen, Chief Executive Officer of DCX. “Investors can subscribe with the same digital assets we hold and manage, which lets us build our balance sheet without forcing conversions through the market.”

About Digital Currency X Technology Inc.

Digital Currency X Technology Inc. (Nasdaq: DCX) is a pioneering digital asset treasury management company focused on developing innovative infrastructure for secure cryptocurrency custody and storage solutions. The Company has strategically positioned itself at the forefront of institutional digital asset adoption. The Company is executing a comprehensive digital currency strategy that includes treasury optimization, participation in decentralized finance (DeFi) ecosystems, and development of advanced custody infrastructure.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, statements regarding the anticipated closing of the private placement, the expected use of proceeds, the amount of proceeds that may be raised, and the Company’s digital asset treasury strategy and business plans. These statements involve known and unknown risks, uncertainties and other factors — including, among others, the Company’s ability to satisfy the conditions to closing and to complete the offering; the number of Units ultimately sold; the volatility and price fluctuation of Bitcoin, Ethereum and other digital assets; risks relating to digital asset custody, staking, blockchain networks and smart contracts; the Company’s limited operating history in the digital asset sector; the evolving regulatory environment for digital assets; and the Company’s ability to maintain compliance with Nasdaq continued listing standards — that may cause actual results, performance or achievements to differ materially from those expressed or implied by the forward-looking statements. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Investor Relations Contact:

Matthew Abenante, IRC
President
Strategic Investor Relations, LLC
Tel: 347-947-2093
Email: matthew@strategic-ir.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Digital Currency X (Nasdaq: DCX) announce on June 25, 2026 about its US$700 million private placement?

Digital Currency X announced a securities purchase agreement for a US$700 million private placement of Units. According to DCX, each Unit combines one Class A ordinary share and three warrants, forming a large capital raise to support strategic initiatives.

How are the DCX private placement Units structured and priced in the June 2026 deal?

Each DCX Unit includes one Class A ordinary share and three warrants priced at US$2.11 per Unit. According to DCX, the warrants carry a US$2.11 exercise price, become exercisable on or after June 24, 2026, and expire three years later.

How will Digital Currency X use the proceeds from the US$700 million DCX private placement?

Digital Currency X plans to use proceeds for working capital and general corporate purposes. According to DCX, funds will support its digital asset treasury strategy and expand its AI cloud computing services, aiming to further diversify and develop its technology-driven revenue base.

Can investors pay with Bitcoin or Ethereum in the June 2026 Digital Currency X (DCX) private placement?

Yes, investors can pay in U.S. dollars or certain digital assets such as Bitcoin and Ethereum. According to DCX, aligning subscription payments with the digital assets it holds lets the company grow its treasury directly, without relying solely on cash-funded market purchases.

How does the US$700 million financing support DCX’s transition from EV manufacturing to digital asset and AI services?

The financing is intended to advance DCX’s move from legacy EV manufacturing to a digital-asset treasury and technology focus. According to DCX, proceeds back its treasury strategy and AI cloud services expansion, reinforcing its repositioning as a digital-asset and technology business.

What are the key terms of the warrants included in Digital Currency X’s June 2026 private placement Units?

The warrants have an exercise price of US$2.11 per share and a three-year term. According to DCX, they become exercisable on or after June 24, 2026, providing investors with additional exposure to the company’s equity over that period.