Digital Currency X proposes 160‑for‑1 reverse split and restores 3 billion‑share authorization

Nasdaq‑listed Digital Currency X Technology Inc. (formerly an electric‑vehicle manufacturer) has filed a proposal for a second reverse stock split in 2026. The company asks shareholders to vote on a 160‑for‑1 consolidation of its Class A and Class B shares at a meeting scheduled for September 3.

Background and recent activity

Earlier this year, Digital Currency X completed a 12‑for‑1 reverse split that took effect on January 22. The move was intended to help the company regain compliance with Nasdaq’s minimum bid‑price requirements.

Proposed reverse split details

• Each holder of 160 Class A or Class B shares would receive one consolidated share.
• Fractional shares would be rounded up to the nearest whole share.
• The split would apply to both issued and unissued shares.
• The effective date will be set by Nasdaq or another date on which the exchange raises no objection.

Authorized share capital restructuring

The filing includes three resolutions:

1. Reduce authorized shares from 3 billion (par value $0.0001) to 18.75 million (par value $0.016).
2. Immediately increase the authorized share count back to 3 billion at the higher par value.
3. Re‑organize the authorized share capital back to a par value of $0.0001 per share.

These changes affect only the company’s capacity to issue shares; they do not themselves create new shares or cause immediate dilution.

Current share base

According to the most recent disclosures:

• As of April 20, the company had 19,823,627 Class A shares and 1,334 Class B shares outstanding.
• A July 7 filing reported the issuance of 331,753,557 units, each containing one Class A share and warrants, bringing the total to at least 351,577,184 Class A shares plus 1,334 Class B shares.
• Class A shares carry one vote each; Class B shares carry 20 votes each.

EDGEAI token holdings

Digital Currency X’s treasury holds 157.45 million EDGEAI tokens, valued at approximately $402 million as of December 31, 2025. The tokens are locked in a 12‑month staking agreement that offers a floating annualized yield between 3.5 % and 8 %.

Meeting logistics

The shareholder meeting will be held via Zoom at 10:00 a.m. Hong Kong time on September 3. Internet and phone voting closes at 11:59 p.m. Eastern time on September 2, with proxy forms due no later than 48 hours before the meeting.