Digital Currency X Faces Nasdaq Delisting Risk Amid Compliance Issues
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 13 2024
0mins
Should l Buy DCX?
Source: Business Insider
Digital Currency X Technology Inc's shares surged by 52.61% in pre-market trading as it crossed above the 5-day SMA, despite facing significant delisting risks from Nasdaq.
The company received a delisting risk notification from Nasdaq due to its shares trading below $1 for 30 consecutive days. Digital Currency X plans to appeal this decision by January 27, 2026, while also implementing a 12-for-1 share consolidation effective January 22, 2026, to regain compliance. However, the uncertainty surrounding its compliance capabilities has led to a shift in retail sentiment from 'extremely bearish' to 'bearish', raising concerns about future investor confidence.
The implications of these developments are profound, as the company's pivot towards decentralized intelligence and blockchain technologies through a recent agreement with EdgeAI Frontier Technology to acquire up to $1 billion in EdgeAI tokens at a 20% discount may not be enough to alleviate investor fears regarding its compliance status.
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Analyst Views on DCX
About DCX
Digital Currency X Technology Inc, formerly Chijet Motor Co Inc, is a company mainly engaged in the development, manufacture, sales, and service of traditional fuel vehicles and new energy vehicles. The Company’s main business includes the design and development, production, sales, after-sales service and export of new energy vehicles and vehicle parts. The Company's passenger vehicles include small cars, sedans and sports utility vehicles as well as others. The Company's commercial vehicles include light trucks and vans. The Company is also involved in the provision of products and services to the entire value chain for vehicles.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Digital Currency X Technology Shares Experience Significant Volatility
- Stock Volatility: Digital Currency X Technology Inc. (NASDAQ:DCX) shares fell 8.76% to $3.75 in after-hours trading after a 34.31% jump to $4.11 during regular trading, indicating a short-term market reaction to compliance news.
- Compliance Notification: On January 23, DCX received written confirmation from Nasdaq that it resolved a compliance deficiency noted on December 12, 2025, maintaining a market value of listed securities above $35 million for 20 consecutive business days from December 23 to January 22, demonstrating restored compliance status.
- Market Performance Analysis: With a Relative Strength Index (RSI) of 31.85, DCX has faced a 99.79% decline over the past year, currently holding a market capitalization of $80.40 million, significantly below the midpoint of its annual range of $6.44, indicating ongoing weak market performance.
- Trading Trends: Benzinga's stock rankings indicate a negative price trend for DCX across all time frames, with the current stock price at approximately 17.18% of its annual range, nearing its 52-week low, reflecting investor pessimism regarding its future outlook.
See More
DCX Regains Nasdaq Compliance with Market Value Requirement
- Compliance Notification: Digital Currency X Technology (DCX) received a Nasdaq notice on January 23, 2026, confirming it has regained compliance with the $35 million minimum market value requirement, indicating the company's stability and adherence to market regulations.
- Compliance Period: Nasdaq determined that DCX met the requirement for 20 consecutive business days from December 23, 2025, to January 22, 2026, providing a solid foundation for the company's future capital operations and strategic initiatives.
- Stock Price Reaction: Following the compliance notification, DCX shares surged 60.8% in premarket trading, reflecting a positive market response to the company's regained compliance status, which may attract more investor interest.
- Closure of Compliance Matter: The compliance issue has been closed with no further action required, demonstrating the company's commitment to regulatory adherence, which is likely to enhance investor confidence and support future growth.
See More
Baker Hughes Q4 Earnings Exceed Expectations
- Earnings Beat: Baker Hughes reported adjusted earnings of 78 cents per share for Q4, surpassing market expectations of 67 cents, indicating strong performance in the oil and gas sector, which is likely to boost investor confidence.
- Sales Growth: The company's quarterly sales reached $7.386 billion, exceeding expectations of $7.068 billion, reflecting its competitive edge amid recovering market demand and potentially driving future business expansion.
- Stock Price Surge: Baker Hughes shares rose 3.7% to $55.81 in pre-market trading, indicating a positive market reaction to its financial performance, which may attract more investor interest.
- Industry Impact: This earnings improvement not only strengthens Baker Hughes' market position but could also positively influence the entire oil and gas industry, prompting other companies to increase investment and innovation efforts.
See More
Digital Currency X Technology Inc. Faces Nasdaq Delisting Risk as Shares Plunge 32%
- Delisting Risk Notification: Digital Currency X Technology Inc. received a notice from Nasdaq on January 20, indicating non-compliance with the minimum bid price of $1 per share over the past 30 days, with plans to appeal by January 27; failure to do so will result in suspension of trading on January 29.
- Stock Price Plunge: The company's shares fell 32% in after-hours trading on Friday, reflecting market concerns over its compliance capabilities, as retail sentiment shifted from 'extremely bearish' to 'bearish', indicating strong investor unease about future prospects.
- Share Consolidation Plan: To regain compliance, Digital Currency X plans a 12-for-1 share consolidation effective January 22, 2026, although the company admits it may not meet Nasdaq's requirements, increasing uncertainty for investors.
- Brand Transformation: Formerly known as Chijet Motor, Digital Currency X recently announced an agreement with EdgeAI Frontier Technology to acquire up to $1 billion in EdgeAI tokens at a 20% discount, marking its pivot towards decentralized intelligence and blockchain technologies.
See More
Digital Currency X Faces Nasdaq Delisting Risk Due to Sub-$1 Share Price
- Delisting Risk Notification: Digital Currency X received a notice from Nasdaq on January 16, 2026, indicating its Class A shares closed below $1 for 30 consecutive trading days, highlighting serious compliance issues that could undermine investor confidence.
- Compliance Period Limitation: The company is ineligible for a compliance period under Nasdaq rules due to a reverse stock split within the past year, which heightens the urgency of potential delisting and complicates recovery efforts.
- Appeal Plans: Digital Currency X intends to request a hearing by January 27, 2026, to contest Nasdaq's determination, despite completing a 12-for-1 share consolidation on January 22, 2026, leaving future compliance uncertain and risky.
- Stock Price Volatility: The stock fell 3.91% to $4.785 in the latest trading session, reflecting market concerns over its compliance capabilities, which may lead to diminished investor confidence in its future performance.
See More
Digital Currency X Technology Approves 12-for-1 Share Consolidation Effective January 22, 2026
- Share Consolidation Plan: Digital Currency X Technology's board has approved a 12-for-1 share consolidation effective January 22, 2026, aimed at ensuring compliance with Nasdaq Marketplace Rule 5550(a)(2) to maintain its listing status.
- Trading Adjustment Details: Post-consolidation, DCX's Class A ordinary shares will trade on the Nasdaq Capital Market on a split-adjusted basis under the same symbol 'DCX', with a new CUSIP number G4465R137, facilitating a smooth transition for investors.
- Authorized Capital Change: The company's authorized share capital will change from $3 billion into approximately 833,333,333.33 shares at $3.6 each, indicating a significant restructuring aimed at boosting market confidence and operational flexibility.
- Share Reduction Overview: The consolidation will reduce Class A shares from 234,717,048 to about 19,559,754 and Class B shares from 16,001 to approximately 1,334, reflecting the company's efforts to optimize its capital structure and enhance shareholder value.
See More
Digital Currency X Technology Shares Experience Significant Volatility
- Stock Volatility: Digital Currency X Technology Inc. (NASDAQ:DCX) shares fell 8.76% to $3.75 in after-hours trading after a 34.31% jump to $4.11 during regular trading, indicating a short-term market reaction to compliance news.
- Compliance Notification: On January 23, DCX received written confirmation from Nasdaq that it resolved a compliance deficiency noted on December 12, 2025, maintaining a market value of listed securities above $35 million for 20 consecutive business days from December 23 to January 22, demonstrating restored compliance status.
- Market Performance Analysis: With a Relative Strength Index (RSI) of 31.85, DCX has faced a 99.79% decline over the past year, currently holding a market capitalization of $80.40 million, significantly below the midpoint of its annual range of $6.44, indicating ongoing weak market performance.
- Trading Trends: Benzinga's stock rankings indicate a negative price trend for DCX across all time frames, with the current stock price at approximately 17.18% of its annual range, nearing its 52-week low, reflecting investor pessimism regarding its future outlook.
See More
DCX Regains Nasdaq Compliance with Market Value Requirement
- Compliance Notification: Digital Currency X Technology (DCX) received a Nasdaq notice on January 23, 2026, confirming it has regained compliance with the $35 million minimum market value requirement, indicating the company's stability and adherence to market regulations.
- Compliance Period: Nasdaq determined that DCX met the requirement for 20 consecutive business days from December 23, 2025, to January 22, 2026, providing a solid foundation for the company's future capital operations and strategic initiatives.
- Stock Price Reaction: Following the compliance notification, DCX shares surged 60.8% in premarket trading, reflecting a positive market response to the company's regained compliance status, which may attract more investor interest.
- Closure of Compliance Matter: The compliance issue has been closed with no further action required, demonstrating the company's commitment to regulatory adherence, which is likely to enhance investor confidence and support future growth.
See More
Baker Hughes Q4 Earnings Exceed Expectations
- Earnings Beat: Baker Hughes reported adjusted earnings of 78 cents per share for Q4, surpassing market expectations of 67 cents, indicating strong performance in the oil and gas sector, which is likely to boost investor confidence.
- Sales Growth: The company's quarterly sales reached $7.386 billion, exceeding expectations of $7.068 billion, reflecting its competitive edge amid recovering market demand and potentially driving future business expansion.
- Stock Price Surge: Baker Hughes shares rose 3.7% to $55.81 in pre-market trading, indicating a positive market reaction to its financial performance, which may attract more investor interest.
- Industry Impact: This earnings improvement not only strengthens Baker Hughes' market position but could also positively influence the entire oil and gas industry, prompting other companies to increase investment and innovation efforts.
See More
Digital Currency X Technology Inc. Faces Nasdaq Delisting Risk as Shares Plunge 32%
- Delisting Risk Notification: Digital Currency X Technology Inc. received a notice from Nasdaq on January 20, indicating non-compliance with the minimum bid price of $1 per share over the past 30 days, with plans to appeal by January 27; failure to do so will result in suspension of trading on January 29.
- Stock Price Plunge: The company's shares fell 32% in after-hours trading on Friday, reflecting market concerns over its compliance capabilities, as retail sentiment shifted from 'extremely bearish' to 'bearish', indicating strong investor unease about future prospects.
- Share Consolidation Plan: To regain compliance, Digital Currency X plans a 12-for-1 share consolidation effective January 22, 2026, although the company admits it may not meet Nasdaq's requirements, increasing uncertainty for investors.
- Brand Transformation: Formerly known as Chijet Motor, Digital Currency X recently announced an agreement with EdgeAI Frontier Technology to acquire up to $1 billion in EdgeAI tokens at a 20% discount, marking its pivot towards decentralized intelligence and blockchain technologies.
See More
Digital Currency X Faces Nasdaq Delisting Risk Due to Sub-$1 Share Price
- Delisting Risk Notification: Digital Currency X received a notice from Nasdaq on January 16, 2026, indicating its Class A shares closed below $1 for 30 consecutive trading days, highlighting serious compliance issues that could undermine investor confidence.
- Compliance Period Limitation: The company is ineligible for a compliance period under Nasdaq rules due to a reverse stock split within the past year, which heightens the urgency of potential delisting and complicates recovery efforts.
- Appeal Plans: Digital Currency X intends to request a hearing by January 27, 2026, to contest Nasdaq's determination, despite completing a 12-for-1 share consolidation on January 22, 2026, leaving future compliance uncertain and risky.
- Stock Price Volatility: The stock fell 3.91% to $4.785 in the latest trading session, reflecting market concerns over its compliance capabilities, which may lead to diminished investor confidence in its future performance.
See More
Digital Currency X Technology Approves 12-for-1 Share Consolidation Effective January 22, 2026
- Share Consolidation Plan: Digital Currency X Technology's board has approved a 12-for-1 share consolidation effective January 22, 2026, aimed at ensuring compliance with Nasdaq Marketplace Rule 5550(a)(2) to maintain its listing status.
- Trading Adjustment Details: Post-consolidation, DCX's Class A ordinary shares will trade on the Nasdaq Capital Market on a split-adjusted basis under the same symbol 'DCX', with a new CUSIP number G4465R137, facilitating a smooth transition for investors.
- Authorized Capital Change: The company's authorized share capital will change from $3 billion into approximately 833,333,333.33 shares at $3.6 each, indicating a significant restructuring aimed at boosting market confidence and operational flexibility.
- Share Reduction Overview: The consolidation will reduce Class A shares from 234,717,048 to about 19,559,754 and Class B shares from 16,001 to approximately 1,334, reflecting the company's efforts to optimize its capital structure and enhance shareholder value.
See More
