Digital Currency X Technology Inc.

Digital Currency X Technology Inc. (DCX) announced a non-binding Memorandum of Understanding (MOU) with Whales AI Limited to commercialize Whales AI's AI and STEM education robotics platform in the United States and Canada. Under the terms, DCX intends to invest US$20 million and will serve as the exclusive territory agent, sharing resulting platform revenue on a 60%/40% basis with Whales AI. This move aligns with DCX's shift towards AI-driven business lines, targeting a rapidly growing market, though definitive agreements are still subject to negotiation and due diligence.

Digital Currency X Technology Inc. announced comprehensive product and strategic upgrades for its on-chain data platform, DexTrader. The overhaul includes reconstruction of underlying data architecture, expansion of omnichain data capabilities, and optimization of user service frameworks. DexTrader will now focus on digital asset information and data services for token-based derivatives, yield instruments, and collateralized assets, aiming to build industry data infrastructure and achieve market leadership. This upgrade is intended to elevate DexTrader's services to an institutional level, supporting the DeFi ecosystem and DCX's commitment to technological and data innovation.

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.

Digital Currency X Technology Inc. announced a private placement of units totaling $700,000,000. Each unit, priced at $2.11, includes one Class A ordinary share and three warrants, with warrants exercisable at $2.11 per share. The company plans to use the proceeds for working capital, general corporate purposes, and to expand its AI cloud computing services, further diversifying its revenue base. Notably, the financing allows investors to subscribe using digital assets like Bitcoin and Ethereum, aligning with DCX's digital asset treasury strategy.

Digital Currency X Technology Inc. shareholders approved several proposals at an Extraordinary General Meeting on May 13, 2026. These approvals include a significant share capital reduction, a subsequent share sub-division, and an increase in authorized share capital. Additionally, shareholders approved the adoption of the Fifth Amended and Restated Memorandum and Articles of Association and expanded the Board's authorization for future share consolidations up to a 4000:1 ratio over three years.

Digital Currency X Technology Inc. filed unaudited pro forma financial information reflecting the disposition of its new energy vehicle business, Chijet Inc. and its subsidiaries. The divestment, completed on March 20, 2026, for a nominal cash consideration of $1, significantly altered the company's financial profile. Pro forma net income attributable to Digital Currency X for the year ended December 31, 2025, would have been $325.9 million, a substantial improvement from the historical net loss of $9.9 million. Similar positive impacts are shown for 2024 and 2023, indicating a strategic shift away from the legacy vehicle business.