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Digital Currency X approves 160-for-1 share consolidation

DCX shareholders approved a 160-for-1 share consolidation, a temporary authorized capital increase, and a full restatement of the company’s charter documents.

(Neutral)
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Digital Currency X Technology Inc. (DCX) reports that shareholders approved a series of capital reorganization steps, centered on a 160-for-1 share consolidation of both Class A and Class B ordinary shares. Every 160 shares of par value US$0.0001 will be consolidated into 1 share of par value US$0.016, effective at 5:00 p.m. Eastern Time on the date confirmed or not objected to by Nasdaq.

Following the consolidation, shareholders approved increasing authorized share capital from US$300,000 divided into 18,750,000 shares of par value US$0.016 to US$48,000,000 divided into 3,000,000,000 shares of par value US$0.016 (2,994,600,000 Class A and 5,400,000 Class B). They also approved a share capital reduction and reorganization that reduces the par value of each issued share back to US$0.0001, transfers the resulting credit to a distributable reserve account, subdivides authorized but unissued shares into 160 shares of par value US$0.0001 each, and then cancels excess authorized shares so authorized capital returns to US$300,000 divided into 2,994,600,000 Class A and 5,400,000 Class B shares of par value US$0.0001.

Shareholders further approved a Sixth Amended and Restated Memorandum and Articles of Association, which reflects these capital changes and includes amendments such as shortening the notice period for general meetings, simplifying the deemed notice threshold, and clarifying service of notice through the company’s website.

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Shares outstanding at record date 351,578,518 shares Class A and Class B ordinary shares entitled to vote as of August 14, 2026
Share Consolidation ratio 160-for-1 Every 160 Class A or Class B shares of par value US$0.0001 consolidated into 1 share of par value US$0.016
Par value pre- and post-consolidation US$0.0001 to US$0.016 Par value per Class A and Class B share after the 160-for-1 Share Consolidation
Authorized capital immediately after Share Consolidation US$300,000 Divided into 18,750,000 shares of par value US$0.016 (18,716,250 Class A, 33,750 Class B)
Share Capital Increase US$48,000,000 authorized 3,000,000,000 shares of par value US$0.016 (2,994,600,000 Class A, 5,400,000 Class B)
Par value after Share Capital Reduction US$0.0001 per share Each issued Class A and Class B share reduced from US$0.016 by cancelling US$0.0159 paid-up capital
Final authorized capital after reorganization US$300,000 Divided into 2,994,600,000 Class A and 5,400,000 Class B ordinary shares of par value US$0.0001
Share Consolidation financial
"a share consolidation of the Company’s issued and unissued class A ordinary shares"
Share consolidation is a process where a company reduces the total number of its shares by combining multiple existing shares into a smaller number of higher-value shares. This can make each share more expensive and potentially improve the company’s image. For investors, it often means their ownership remains the same, but the value of each share increases, which can influence how the stock is perceived and traded.
Share Capital Increase financial
"the authorized share capital of the Company be increased from US$300,000"
Share Capital Reduction financial
"the par value of each issued class A ordinary share and each issued class B ordinary share"
A share capital reduction is a legal change that lowers a company's recorded equity by cancelling shares, cutting the nominal value of shares, or returning money to shareholders. Think of it like removing or shrinking slices of a pie: it changes the number or stated size of shares outstanding and alters per-share figures and ownership percentages. It matters to investors because it affects balance-sheet metrics, voting stakes, and how earnings or assets are spread across remaining shares, and typically requires formal approvals.
Share Sub-Division financial
"each authorized but unissued class A ordinary share and class B ordinary share"
A share sub-division (often called a stock split) is when a company increases the number of its outstanding shares by dividing each existing share into multiple smaller ones, lowering the price per share while keeping the total value of an investor’s holdings the same. Think of cutting a pizza into more slices: you have more pieces but the pizza is unchanged. It matters because lower per-share prices can make trading easier, boost liquidity and investor demand, and change metrics like shares outstanding used in valuations.
distributable reserve account financial
"the credit arising from the Share Capital Reduction be transferred to a distributable reserve account"
Sixth Amended and Restated Memorandum and Articles of Association regulatory
"the Company’s fifth amended and restated memorandum and articles of association then in effect"

FAQ

What share consolidation did Digital Currency X Technology Inc. (DCX) shareholders approve?

Shareholders approved a 160-for-1 Share Consolidation, whereby every 160 Class A or Class B ordinary shares of par value US$0.0001 are consolidated into 1 share of par value US$0.016, effective at 5:00 p.m. Eastern Time on the date confirmed or not objected to by Nasdaq.

How many DCX shares were entitled to vote at the extraordinary general meeting?

The meeting was based on 351,577,184 Class A ordinary shares and 1,334 Class B ordinary shares, for a total of 351,578,518 outstanding shares entitled to vote as of the August 14, 2026 record date.

What authorized share capital changes did DCX shareholders approve?

Immediately after the Share Consolidation, authorized share capital increases from US$300,000 (18,750,000 shares of par value US$0.016) to US$48,000,000 (3,000,000,000 shares of par value US$0.016), comprising 2,994,600,000 Class A and 5,400,000 Class B ordinary shares.

What is the purpose of DCX’s Share Capital Reduction and Reorganization?

Subject to the Share Consolidation and Share Capital Increase, each issued share’s par value is reduced from US$0.016 to US$0.0001, the US$0.0159 per share credit is transferred to a distributable reserve account, authorized but unissued shares are subdivided, and excess authorized shares are cancelled.

What will DCX’s authorized share capital be after the full reorganization?

After the Share Consolidation, Share Capital Increase, and Share Capital Reduction and Reorganization, authorized share capital is altered so the company has US$300,000 divided into 2,994,600,000 Class A ordinary shares and 5,400,000 Class B ordinary shares, each with par value US$0.0001.

What changes are included in DCX’s Sixth Amended and Restated Memorandum and Articles of Association?

The Sixth Amended and Restated Memorandum and Articles of Association reflect the capital changes and include amendments such as shortening the notice period for general meetings, simplifying the deemed notice threshold, and clarifying service of notice through the company’s website.

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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 September 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 September 3, 2026, Digital Currency X Technology Inc. (the “Company”) held its extraordinary general meeting of shareholders (the “Meeting”) as a virtual meeting conducted solely by electronic means (with no physical place of meeting) via Zoom (Meeting ID: 851 6551 1622; Passcode: 280658), at 10:00 a.m. (Hong Kong time), as described in the Company’s Notice of Extraordinary General Meeting of Shareholders furnished as Exhibit 99.1 to the Company’s Report on Form 6-K furnished to the U.S. Securities and Exchange Commission (the “SEC”) on August 21, 2026 (the “Notice”). All shareholders of record of the Company at the close of business on August 14, 2026 (the “Record Date”) were entitled to notice of, and to vote at, the Meeting. Shareholders were able to vote via internet, telephone, or virtual attendance at the Meeting.

 

Based on 351,577,184 Class A ordinary shares and 1,334 Class B ordinary shares, representing 351,578,518 outstanding shares of the Company issued and outstanding and entitled to vote as of the Record Date, 351,497,462 Class A ordinary Shares were present at the Meeting in person by virtual attendance or represented by proxy, constituting a quorum for the transaction of business.

 

At the Meeting, the Company’s shareholders approved the following resolutions, as more particularly described in the Notice: (1) Proposal One: to consider and approve as an ordinary resolution that (i) a share consolidation of the Company’s issued and unissued class A ordinary shares and class B ordinary shares at a ratio of one hundred and sixty (160)-for-one (1) whereby every one hundred and sixty (160) class A ordinary shares of a par value of US$0.0001 each be consolidated into one (1) class A ordinary share of a par value of US$0.016 of the Company and every one hundred and sixty (160) class B ordinary shares of a par value of US$0.0001 each be consolidated into one (1) class B ordinary share of a par value of US$0.016 of the Company (the “Share Consolidation”), effective at 5:00 p.m. (Eastern Time) on the date confirmed by The Nasdaq Stock Market LLC, or has otherwise raised no objection to; and, (ii) as a consequence of the Share Consolidation, the authorized share capital of the Company be changed from US$300,000 divided into 3,000,000,000 shares of a par value of US$0.0001 each, comprising (a) 2,994,600,000 class A ordinary shares of a par value of US$0.0001 each and (b) 5,400,000 class B ordinary shares of a par value of US$0.0001 each, to US$300,000 divided into 18,750,000 shares of a par value of US$0.016 each, comprising (a) 18,716,250 class A ordinary shares of a par value of US$0.016 each and (b) 33,750 class B ordinary shares of a par value of US$0.016 each, and (iii) no fractional shares be issued in connection with the Share Consolidation and, in the event that a shareholder would otherwise be entitled to receive a fractional share upon the Share Consolidation, the total number of shares to be received by such shareholder be rounded up to the next whole share;(2) Proposal Two: to consider and approve as an ordinary resolution that immediately following the Share Consolidation becoming effective, the authorized share capital of the Company be increased from US$300,000 divided into 18,750,000 shares of a par value of US$0.016 each, comprising (a) 18,716,250 class A ordinary shares of a par value of US$0.016 each and (b) 33,750 class B ordinary shares of a par value of US$0.016 each, to US$48,000,000 divided into 3,000,000,000 shares of a par value of US$0.016 each, comprising (a) 2,994,600,000 class A ordinary shares of a par value of US$0.016 each and (b) 5,400,000 class B ordinary shares of a par value of US$0.016 each, by the creation of (i) 2,975,883,750 class A ordinary shares of a par value of US$0.016 each and (ii) 5,366,250 class B ordinary shares of a par value of US$0.016 each (the “Share Capital Increase”); (3) Proposal Three: to consider and approve as a special resolution that subject to the Share Consolidation and the Share Capital Increase being effected and all requirements prescribed by sections 14, 14A and 14B of the Companies Act (Revised) of the Cayman Islands relating to share capital reductions being complied with (together, the “Share Capital Reduction and Reorganization”): the par value of each issued class A ordinary share and each issued class B ordinary share of a par value of US$0.016 in the share capital of the Company be reduced to US$0.0001 by cancelling US$0.0159 of the paid-up capital on each such share (the “Share Capital Reduction”); the credit arising from the Share Capital Reduction be transferred to a distributable reserve account of the Company; immediately following the Share Capital Reduction, each authorized but unissued class A ordinary share and class B ordinary share of a par value of US$0.016 be subdivided into 160 class A or class B ordinary shares, as applicable, of a par value of US$0.0001 each (the “Share Sub-Division”); and immediately following the Share Sub-Division, the authorized share capital of the Company be altered by the cancellation of such number of excess authorized but unissued shares as will result in the Company having authorized share capital of US$300,000 divided into 2,994,600,000 class A ordinary shares and 5,400,000 class B ordinary shares, each of a par value of US$0.0001; (4) Proposal Four: to consider and approve as a special resolution that the Company’s fifth amended and restated memorandum and articles of association then in effect be amended and restated in their entirety by the substitution in their place of the sixth amended and restated memorandum and articles of association of the Company (the “Sixth Amended and Restated M&AA”) furnished as Exhibit 3.1 to this Report on Form 6-K, to reflect the foregoing resolutions and to incorporate amendments including, but not limited to, shortening the notice period for general meetings, simplifying the deemed notice threshold, and clarifying service of notice through the Company’s website, with the Sixth Amended and Restated M&AA to take effect subject to, and immediately following, the Share Consolidation, the Share Capital Increase and the Share Capital Reduction and Reorganization referred to above.

 

The Sixth Amended and Restated M&AA, as approved pursuant to proposal four above, is furnished herewith as Exhibit 3.1

 

This report on Form 6-K and the attached exhibit are incorporated by reference into the Company’s registration statement on Form F-3 (File No. 333-281314), as amended, and registration statement on Form S-8 (File No. 333-298575), 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.

 

Exhibits

 

Exhibit No.   Description
3.1   Sixth Amended and Restated Memorandum and Articles of Association

 

 

 

 

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: September 3, 2026

 

  Digital Currency X Technology Inc.
     
  By: /s/ Melissa Chen
  Name: Melissa Chen
  Title: Chief Executive Officer

 

 

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