Digital Currency X (DCX) completes $700M private placement deal

Rhea-AI Filing Summary

Digital Currency X Technology Inc. completed a private placement of Units totaling US$700,000,000. Each Unit was sold at US$2.11 and consists of one Class A ordinary share and three warrants.

The company issued 331,753,557 Units, resulting in 331,753,557 new ordinary shares and 995,260,671 warrants. The warrants have an exercise price of US$2.11 per share, became exercisable on June 24, 2026, and expire three years later. The placement closed on July 3, 2026, and the company plans to use the proceeds for working capital and general corporate purposes.

Positive

• US$700,000,000 capital raise completed through a private placement of Units, providing substantial funds for working capital and general corporate purposes.

Negative

• Significant potential future share issuance from 995,260,671 warrants at US$2.11 per share, which could increase the company’s equity base if exercised.

Insights

Capital markets analyst

Digital Currency X secures $700M but adds sizable warrant overhang.

Digital Currency X Technology Inc. raised US$700,000,000 through a private placement of Units at US$2.11 each, with every Unit including one Class A ordinary share and three warrants. This provides substantial new capital earmarked for working capital and general corporate purposes.

The company issued 331,753,557 new shares and 995,260,671 warrants, all with an exercise price of US$2.11, exercisable from June 24, 2026 and expiring three years later. This structure adds meaningful potential future share issuance alongside the immediate equity raise.

The transaction closed on July 3, 2026, so its cash impact is already effective. Subsequent disclosures in future filings may clarify how quickly the new capital is deployed and whether any warrant exercises begin before their three-year expiry.

Key Figures

Private placement size: US$700,000,000 Unit purchase price: US$2.11 per Unit Units issued: 331,753,557 Units +5 more

8 metrics

Private placement size US$700,000,000 Aggregate purchase price of Units

Unit purchase price US$2.11 per Unit Price paid by purchasers

Units issued 331,753,557 Units Issued at private placement closing

Ordinary shares issued 331,753,557 shares One share per Unit

Warrants issued 995,260,671 Warrants Three warrants per Unit

Warrant exercise price US$2.11 per share Exercise price, subject to adjustment

Warrant exercisability date June 24, 2026 Warrants exercisable on or after this date

Private placement closing date July 3, 2026 Date the transaction closed

Key Terms

Securities Purchase Agreement, private placement, warrants, registration statement on Form F-3, +1 more

5 terms

Securities Purchase Agreement financial

"entered into a Securities Purchase Agreement (the “Agreement”) with certain investors"

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

"an aggregate of US$700,000,000 of units (the “Units”) in a private placement"

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 consisting 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.

registration statement on Form F-3 regulatory

"incorporated by reference into the Company’s registration statement on Form F-3"

A registration statement on Form F-3 is a streamlined filing used by eligible foreign companies to register securities for sale in the U.S., often as a “shelf” that lets them offer shares quickly when market conditions are right. For investors it matters because it signals that the company can raise capital on short notice—potentially increasing liquidity but also the risk of share dilution if new stock is issued—similar to a company keeping a pre-approved credit line ready to use.

working capital and general corporate purposes financial

"use the proceeds from the Private Placement for working capital and general corporate purposes"

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FAQ

What transaction did Digital Currency X (DCX) complete in July 2026?

Digital Currency X completed a private placement of Units totaling US$700,000,000. Each Unit includes one Class A ordinary share and three warrants, providing immediate capital and potential future share issuance through warrant exercises.

How many shares and warrants did Digital Currency X (DCX) issue?

The company issued 331,753,557 Units, consisting of 331,753,557 new Class A ordinary shares and 995,260,671 warrants. Each Unit was sold at US$2.11, forming the US$700,000,000 aggregate transaction size.

What is the exercise price and term of Digital Currency X (DCX) warrants?

The warrants have an exercise price of US$2.11 per share, matching the Unit purchase price. They became exercisable on June 24, 2026, and will expire three years from that date, setting a defined window for potential future share issuance.

When did Digital Currency X (DCX) close its US$700 million private placement?

The private placement closed on July 3, 2026. At closing, investors paid US$700,000,000 in total and received 331,753,557 Units, each including one Class A ordinary share and three warrants with a three-year term.

How will Digital Currency X (DCX) use the US$700 million proceeds?

The company intends to use the US$700,000,000 in proceeds for working capital and general corporate purposes. This broad category typically covers operating needs, growth initiatives, and other corporate requirements, as determined by management.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of July 2026

Commission File Number: 001-41712

Digital Currency X Technology Inc.

(Exact name of registrant as specified in its charter)

Room 1101, 11/F., Capital Centre

151 Gloucester Road

Wanchai, Hong Kong

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒ Form 40-F ☐

On June 24, 2026, Digital Currency X Technology Inc. (the “Company”) entered into a Securities Purchase Agreement (the “Agreement”) with certain investors (the “Purchasers”). Under the Agreement, the Purchasers agreed to subscribe for, and the Company agreed to issue and sell, an aggregate of US$700,000,000 of units (the “Units”) in a private placement (the “Private Placement”), with each Unit consisting of one Class A ordinary share, par value of US$0.0001 per share of the Company (the “Ordinary Share”) and three warrants (the “Warrants”), at a purchase price of US$2.11 per Unit. The Warrants have an exercise price of $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 (3) years after that date.

The Private Placement was closed on July 3, 2026. At the closing, the Company issued an aggregate of 331,753,557 Units to the Purchasers, consisting of 331,753,557 Ordinary Shares and 995,260,671 Warrants, for an aggregate purchase price of US$700,000,000. The Company intends to use the proceeds from the Private Placement for working capital and general corporate purposes.

The foregoing description of the Agreement and Warrant do not purport to describe all terms and conditions thereof and is qualified in its entirety by reference to the form of Warrant and the form of Agreement which were filed as Exhibits 4.1 and 10.1, respectively, to the Company’s report on Form 6-K furnished to the Securities and Exchange Commission on June 25, 2026, and are incorporated herein by reference.

This report on Form 6-K is incorporated by reference into the Company’s registration statement on Form F-3 (File No. 333-281314), as amended, and into each prospectus outstanding under the foregoing registration statements, to the extent not superseded by documents or reports subsequently filed or furnished by the Company under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: July 7, 2026	Digital Currency X Technology Inc.
	By:	/s/ Dongchun Fan
	Name:	Dongchun Fan
	Title:	Chief Financial Officer