Digital Currency X Technology Faces Nasdaq Delisting Risk
Digital Currency X Technology announced that it received a written notification dated January 20, 2026 from the Listing Qualifications of The Nasdaq Stock Market LLC. The Notice stated that the company is not in compliance with Nasdaq Listing Rule 5550(a)(2), which requires a minimum closing bid price of $1.00 per share. The closing bid price of the company's Class A ordinary shares, par value 30c per share was below $1.00 per share over the previous 30 consecutive business days from December 4, 2025 through January 16, 2026. Normally, a company would be afforded a 180-calendar day period to demonstrate compliance with the Minimum Bid Price Requirement. However, pursuant to Listing Rule 5810(c)(3)(A)(iv), the company is not eligible for any compliance period specified in Rule 5810(c)(3)(A) due to the fact that the company has effected a reverse stock split over the prior one-year period or has effected one or more reverse stock splits over the prior two-year period with a cumulative ratio of 250 shares or more to one. Accordingly, the company's securities will be delisted from the Nasdaq Capital Market. In that regard, unless the company requests an appeal of this determination to a Hearings Panel by January 27, 2026, the Staff has determined that the company's securities will be scheduled for delisting from the Nasdaq Capital Market and will be suspended at the opening of business on January 29, 2026, and a Form 25-NSE will be filed with the Securities and Exchange Commission, which will remove the company's securities from listing and registration on The Nasdaq Stock Market.
