Digital Currency X Technology Inc. Announces 160-for-1 Share Consolidation Effective September 28, 2026

The warrant terms could increase shares issuable on exercise beyond the split’s proportional adjustment.

Rhea-AI Summary

Digital Currency X Technology (DCX) will consolidate its Class A and Class B shares 160-for-1 on September 28, 2026.

Shareholders approved the consolidation on September 3. It takes effect at 12:01 a.m. Eastern Time, and Class A shares are expected to begin split-adjusted trading on Nasdaq that day under DCX. Outstanding Class A shares will decline from 375,387,811 to approximately 2,346,174; Class B shares will decline from 1,334 to approximately 9. Fractional shares will be rounded up to whole shares.

Outstanding options, warrants and convertible or exchangeable securities will receive proportional adjustments. Series A and B warrants from the offering that closed September 21 will also receive a further exercise-price reduction tied to the lowest daily volume-weighted average price during the five trading days before through five trading days after the effective date. The corresponding increase in shares issuable on exercise could exceed the proportional adjustment.

Positive

• None.

Negative

• September 21 warrants: lower exercise price and more shares upon consolidation

News Explained

For the Series A and B warrants issued in the September 21, 2026 offering, the extra reset lowers the per-share exercise price and increases the shares issuable, but leaves the total exercise payment unchanged.

Argus 15 min delay 171 alerts

-15.67% vs previous close $0.06 last price 260106.0x rel. volume Open Argus

Details

Market move: DCX -15.67% vs previous close. 160-for-1 share consolidation

-19.4% Trough in 15 min

$0.06 $0.17 Day Range

$23.24M Market Cap

On Sep 24, the day this news came out, the latest delayed price for DCX is 15.67% below the previous close. Argus tracked a trough of -19.4% from its starting point during tracking. Our momentum scanner has recorded 171 alerts for this stock so far that day. The latest delayed price is $0.06. Relative volume is exceptionally heavy at 260106.0x the average.

Data tracked by StockTitan Argus (15 min delayed). Upgrade to Gold for real-time data.

Market Context

On Sep 18, DCX priced a $5.0 million registered direct offering that included Series A and Series B ...

Analysis

On Sep 18, DCX priced a $5.0 million registered direct offering that included Series A and Series B warrants; this notice specifies additional exercise-price and share-count adjustments for those warrants.

Key Figures

Share consolidation ratio: 160-for-1 Effective date: September 28, 2026 Issued and outstanding shares: Class A: 375,387,811 to approximately 2,346,174; Class B: 1,334 to approximately 9 +4 more

Share consolidation ratio

160-for-1

Effective September 28, 2026

Effective date

September 28, 2026

Share consolidation takes effect at 12:01 AM Eastern Time

Issued and outstanding shares

Class A: 375,387,811 to approximately 2,346,174; Class B: 1,334 to approximately 9

Before and after the share consolidation

Par value per share

US$0.0001 to US$0.016, then back to US$0.0001

Class A and Class B shares through the capital reorganization

Authorized share capital

US$48,000,000

Immediately following the share consolidation

Restored authorized share capital

US$300,000

Following the subsequent share capital reduction and reorganization

Warrant adjustment period

Five trading days before through five trading days after the effective date

Series A and Series B warrants; exercise price references the lowest daily volume weighted average price

Historical Context

1 past event · Latest: Sep 18

1 event

1. Sep 18

   Registered offering

   24h Move

   -70.3%

   The offering issued Series A and B warrants now subject to additional consolidation-linked adjustments.

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

Key Terms

cusip, registered direct offering, volume weighted average price, convertible securities, +2 more

6 terms

cusip technical

"The new CUSIP number following the Share Consolidation"

A CUSIP is a nine-character alphanumeric code that uniquely identifies a U.S. or Canadian financial security—such as a stock, bond, or fund share—like a Social Security number for an investment. It matters to investors because brokers, exchanges and record-keepers use the CUSIP to match trades, track ownership, settle transactions and pull accurate records, reducing errors and ensuring money and securities go to the right place.

View in glossary

registered direct offering financial

"warrants issued in the Company’s registered direct offering"

A registered direct offering is a way for a company to sell new shares of its stock directly to select investors with regulatory approval. This method allows the company to raise funds quickly and efficiently without needing a public auction, similar to offering exclusive access to a limited number of buyers. For investors, it often provides an opportunity to purchase shares at a favorable price, while giving the company immediate access to capital.

volume weighted average price financial

"lowest daily volume weighted average price of the Class A Ordinary Shares"

The volume weighted average price (VWAP) is a way to measure the average price of a security, such as a stock, over a specific period, taking into account how many units were traded at each price. It’s similar to calculating the average cost of items bought when some are more frequently purchased than others. Investors use VWAP to assess whether a security is being bought or sold at a fair price during trading.

convertible securities financial

"options, warrants, convertible or exchangeable securities"

Convertible securities are bonds or preferred shares that can be exchanged for a company’s common stock at a predetermined price or under specified conditions. They matter because they combine the steadiness of a loan or fixed dividend with the potential upside of ownership; like a safety‑net that carries a one‑time ticket to become a shareholder, they affect expected returns and can dilute existing stock if converted.

View in glossary

par value financial

"Class A Ordinary Shares, par value US$0.0001 each"

Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.

decentralized finance technical

"participation in decentralized finance (DeFi) ecosystems"

Decentralized finance, often called DeFi, is a way of using digital technology to offer financial services like lending, borrowing, and trading without relying on traditional banks or institutions. It operates on open networks where anyone can participate, much like a digital marketplace that runs on shared computer systems. For investors, DeFi provides more direct control over their assets and access to financial activities outside conventional systems.

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

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NEW YORK, Sept. 24, 2026 (GLOBE NEWSWIRE) -- Digital Currency X Technology Inc. (Nasdaq: DCX) (the “Company”) announced today that, at the extraordinary general meeting of shareholders of the Company held on September 3, 2026, its shareholders approved, among other things, the implementation of a share consolidation of the Company’s issued and unissued Class A Ordinary Shares, par value US$0.0001 each, and Class B Ordinary Shares, par value US$0.0001 each, at a ratio of one hundred and sixty (160)-for-one (1), such that every one hundred and sixty (160) Class A Ordinary Shares be consolidated into one Class A Ordinary Share of a par value of US$0.016 each and every one hundred and sixty (160) Class B Ordinary Shares be consolidated into one Class B Ordinary Share of a par value of US$0.016 each (the “Share Consolidation”), and the rounding up of any fractional shares resulting from the Share Consolidation to the nearest whole Class A Ordinary Share or Class B Ordinary Share, as applicable, which shall take effect at 12.01 AM (Eastern Time) on September 28, 2026 (the “Effective Date”).

Upon the opening of the market on September 28, 2026, the Company’s Class A Ordinary Shares are expected to begin trading on Nasdaq on a post-Share Consolidation basis under the current symbol “DCX.”

Every one hundred and sixty (160) outstanding Class A Ordinary Shares or Class B Ordinary Shares will be combined into and automatically become one post-Share Consolidation Class A Ordinary Share or Class B Ordinary Share, respectively. No fractional shares will be issued in connection with the Share Consolidation. Instead, the Company will issue one full post-Share Consolidation Class A Ordinary Share or Class B Ordinary Share, as applicable, to any shareholder who would have been entitled to receive a fractional share as a result of the process. The new CUSIP number following the Share Consolidation is G4465R145, replacing the Company’s current CUSIP number, G4465R137, for its Class A Ordinary Shares.

The Share Consolidation will reduce the number of issued and outstanding shares of the Company from 375,387,811 Class A Ordinary Shares and 1,334 Class B Ordinary Shares to approximately 2,346,174 Class A Ordinary Shares and approximately 9 Class B Ordinary Shares, respectively. As more particularly described in the Company’s Report on Form 6-K reporting the results of the EGM, the Share Consolidation will proportionately reduce the number of authorized shares and increase the par value per share to US$0.016, while the Company’s authorized share capital will remain US$300,000. Immediately following the Share Consolidation, the related share capital increase will increase the Company’s authorized share capital to US$48,000,000. Subject to the Share Consolidation and the share capital increase becoming effective, the subsequent share capital reduction and reorganization will restore the par value of each issued Class A Ordinary Share and Class B Ordinary Share to US$0.0001 (unchanged from immediately prior to the EGM) and the Company’s authorized share capital to US$300,000 divided into 2,994,600,000 Class A Ordinary Shares and 5,400,000 Class B Ordinary Shares (also unchanged from immediately prior to the EGM).

Proportionate adjustments will be made, based on the ratio of the Share Consolidation, to the per share exercise price and the number of shares issuable upon the exercise or conversion of all outstanding options, warrants, convertible or exchangeable securities entitling the holders thereof to purchase, exchange for, or convert into, Class A Ordinary Shares or Class B Ordinary Shares. This will result in approximately the same aggregate price being required to be paid under such options, warrants, convertible or exchangeable securities upon exercise, and approximately the same value of Class A Ordinary Shares and Class B Ordinary Shares being delivered upon such exercise, exchange or conversion, immediately following the Share Consolidation as was the case immediately preceding the Share Consolidation. The foregoing describes the proportionate adjustment resulting from the Share Consolidation only. The Series A warrants and Series B warrants issued in the Company’s registered direct offering that closed on September 21, 2026 additionally provide that, upon the Share Consolidation, the exercise price will be further reduced to the lowest daily volume weighted average price of the Class A Ordinary Shares during the period commencing five trading days prior to, and ending five trading days after, the Effective Date, with a corresponding increase in the number of Class A Ordinary Shares issuable upon exercise, so that the aggregate exercise price remains unchanged. Accordingly, the number of Class A Ordinary Shares issuable upon exercise of those warrants may be greater than the number resulting from the proportionate adjustment described above.

Equiniti Trust Company, LLC, the Company’s transfer agent, is acting as exchange agent for the Share Consolidation. Shareholders holding shares in book-entry form, or through a bank, broker or other nominee, are not required to take any action, as their holdings will be automatically adjusted to reflect the Share Consolidation. Shareholders holding physical share certificates representing pre-Share Consolidation shares will receive instructions from the transfer agent regarding the exchange of such certificates for post-Share Consolidation shares.

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 under Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the expected timing and effects of the Share Consolidation, the expected number of shares to be issued and outstanding following the Effective Date, and the continued listing and trading of the Company’s class A ordinary shares on The Nasdaq Stock Market LLC. These statements are based on current expectations and assumptions that are subject to risks and uncertainties, and actual results may differ materially from those expressed or implied in such statements as a result of various factors, including those described in the Company’s filings with the SEC. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release, 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.

When does Digital Currency X Technology’s 160-for-1 share consolidation take effect?

The consolidation takes effect at 12:01 a.m. Eastern Time on September 28, 2026. Every 160 outstanding Class A or Class B shares will become one share of the same class. Class A shares are expected to begin split-adjusted trading on Nasdaq that day under DCX.

How many DCX shares will be outstanding after the consolidation?

Outstanding Class A shares will decline from 375,387,811 to approximately 2,346,174, while Class B shares will decline from 1,334 to approximately 9.

How will Digital Currency X Technology’s warrants change after the consolidation?

Outstanding warrants will receive proportional adjustments to their exercise prices and the shares issuable. Series A and B warrants from the offering that closed September 21 will receive a further exercise-price reduction to the lowest daily volume-weighted average price during the five trading days before through five trading days after the effective date. Their share count will increase correspondingly so the aggregate exercise price remains unchanged.

What happens to fractional DCX shares and existing share certificates?

No fractional shares will be issued; a holder otherwise entitled to a fraction will receive one whole post-consolidation share of the applicable class. Book-entry holders and those holding through a bank, broker or other nominee need take no action. Holders of physical certificates will receive exchange instructions from the transfer agent.