tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Digital Currency X Technology Wins Shareholder Approval for Major Capital Increase and Flexible Share Consolidation

Story Highlights
  • Shareholders approved boosting authorized capital to US$3 billion, enabling issuance of up to 10 billion ordinary shares.
  • Board received broad authority for up to 3,000-to-1 share consolidations and adopted revamped governing documents.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Digital Currency X Technology Wins Shareholder Approval for Major Capital Increase and Flexible Share Consolidation

Claim 70% Off TipRanks Premium

An update from Digital Currency X Technology ( (DCX) ) is now available.

On December 22, 2025, Digital Currency X Technology Inc. held an extraordinary general meeting at which shareholders approved a massive increase in the company’s authorized share capital from US$30 million to US$3 billion, expanding the pool to 10 billion ordinary shares split between Class A and Class B stock. Shareholders also granted the board wide discretion, for up to two years, to implement one or more share consolidations at an aggregate ratio of up to 3,000-to-1, and to manage any resulting fractional shares by rounding them up, effectively equipping the company with tools to adjust its share structure in response to market or listing requirements. In addition, investors approved the adoption of a Fourth Amended and Restated Memorandum and Articles of Association, which formalizes the enlarged capital structure and other governance provisions, signaling a significant restructuring of the company’s corporate framework that may facilitate future equity issuance and greater flexibility in capital management for existing and prospective shareholders.

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. is a Cayman Islands–incorporated company based in Yantai, Shandong, China, whose shares are listed on the Nasdaq Capital Market. The company operates through a dual-class share structure of Class A and Class B ordinary shares and positions itself within the broader digital technology and currency-related sector, targeting international capital markets via U.S. securities registrations.

Average Trading Volume: 1,447,575

Technical Sentiment Signal: Sell

Current Market Cap: $2.43M

See more data about DCX stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1