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An announcement from Digital Currency X Technology ( (DCX) ) is now available.
On October 26, 2025, Digital Currency X Technology Inc. entered into a US$300 million securities purchase agreement with investors for units comprising ordinary shares and warrants, initially priced at US$0.10 per unit with warrants exercisable at US$0.12 per share for three years. After a 100-for-1 share consolidation on November 3, 2025 increased the par value of its ordinary shares from US$0.003 to US$0.30, the original pricing became non-compliant with Cayman Islands law prohibiting issuance below par value, prompting a November 25, 2025 supplemental agreement that reset the private placement economics to a US$1.27 unit price, reduced the total units to 23,622,047 for an aggregate US$30 million investment, and raised the warrant exercise price to US$1.40 per share. The private placement closed in December 2025, with the company planning to deploy the proceeds for working capital and general corporate purposes, bolstering liquidity while adjusting its capital structure and warrant terms to remain legally compliant and support ongoing operations.
Spark’s Take on DCX Stock
According to Spark, TipRanks’ AI Analyst, DCX is a Underperform.
Chijet Motor Company is facing severe financial and operational challenges, with negative profitability, high leverage, and liquidity issues. The bearish technical indicators and negative market reaction to earnings results further exacerbate the risks. The company’s low valuation metrics reflect its unprofitability and lack of dividend appeal, contributing to an overall weak stock score.
To see Spark’s full report on DCX stock, click here.
More about Digital Currency X Technology
Digital Currency X Technology Inc., based in Yantai, Shandong, China, is a Cayman Islands–incorporated company whose securities are registered with the U.S. Securities and Exchange Commission and trade in the U.S. capital markets, positioning it within the broader digital and technology-focused segment of cross-border listed Chinese issuers.
Average Trading Volume: 112,052
Technical Sentiment Signal: Sell
Current Market Cap: $1.22M
For a thorough assessment of DCX stock, go to TipRanks’ Stock Analysis page.