Digital Currency X Technology prices $5M registered direct offering

Digital Currency X Technology Inc. (Nasdaq: DCX) announced a registered direct offering of approximately $5.0 million, selling 23,809,530 ordinary shares, or pre-funded warrants in lieu thereof, at a combined purchase price of $0.21 per share to certain institutional investors.

Each ordinary share is being sold with one Series A warrant and one Series B warrant. The Series A warrants carry an exercise price of $0.44 per share, are immediately exercisable and expire five years from issuance. The Series B warrants have an exercise price of $0.21 per unit, are immediately exercisable and expire 30 days from issuance. Each Series B warrant, when exercised, yields one ordinary share and one new Series A warrant on the same terms as the original Series A warrants.

The offering is expected to close on or about September 21, 2026, subject to customary closing conditions. The company said it intends to use net proceeds for working capital and general corporate purposes, which may include the acquisition, custody, holding, staking and management of digital assets and cryptocurrencies, related treasury operations and the purchase of directors and officers insurance coverage.

Maxim Group LLC is acting as sole placement agent for the offering. The securities are being offered under a shelf registration statement on Form F-3 declared effective by the U.S. Securities and Exchange Commission on August 16, 2024.

DCX is a Cayman Islands exempted company headquartered in Hong Kong that focuses on the digital asset sector, including on-chain data services through its DexTrader platform and digital asset treasury operations.

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