Digital Currency X Technology Inc. (DCX) Form 6-K — Sep 21, 2026
Digital Currency X Technology Inc. closed a registered direct offering on September 21, 2026, selling 23,809,530 Class A ordinary shares with Series A and Series B warrants at US$0.21 per unit, for gross proceeds of approximately US$5.0 million (US$5,000,001.30), with Maxim Group LLC acting as placement agent on a 7.0% fee. The Series A warrants (23,809,530 shares, US$0.44 strike, five-year term) and Series B warrants (23,809,530 units, US$0.21 strike, 30-day exercise window) carry full-ratchet style repricing resets, meaning additional shares could hit the market quickly if the stock trades near or below US$0.21.
Key figures
- Gross Proceeds
- $5,000,001.30
- Offering Price
- $0.21 per share plus Series A and Series B warrants
- Shares Offered
- 23809530
- Company lockup
- 30 days post-closing
- Insider lockup
- 90 days post-closing
- Pa warrant coverage
- 5.0% of shares sold
- Placement agent fee
- 7.0% of gross proceeds plus 7.0% exercise fee on Series B warrants
- Series a warrant term
- 5 years
- Series b warrant units
- 23809530
- Series a exercise price
- $0.44
- Series a warrant shares
- 23809530
- Series b exercise price
- $0.21
- Series b exercise window
- 30 days from issuance
- Expense reimbursement cap
- $50,000
AI analysis
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