InvestmentJul 7, 2026, 04:33 PM
Digital Currency X Completes $700M Private Placement
AI Summary
Digital Currency X Technology Inc. completed a private placement, raising US$700 million. The company issued 331,753,557 units, with each unit comprising one Class A ordinary share and three warrants, at a purchase price of US$2.11 per unit. The warrants are exercisable at US$2.11 per share and expire three years from June 24, 2026. The proceeds are intended for working capital and general corporate purposes.
Key Highlights
- Private Placement raised US$700,000,000.
- Issued 331,753,557 Units, each at US$2.11.
- Each Unit comprises one Class A ordinary share and three warrants.
- Warrants are exercisable at US$2.11 per share.
- Warrants are exercisable from June 24, 2026, and expire three years later.
- Proceeds will be used for working capital and general corporate purposes.
Price Impact
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