DCX Stock Plummets on Nasdaq Delisting Notice

DCX Receives Nasdaq Non-Compliance Notice

Digital Currency X Technology Inc. (NASDAQ:DCX) stock declined 13.7% in after-hours trading following the disclosure of a delisting notification from Nasdaq. The notice was issued due to the company's failure to maintain the required minimum bid price of $1.00 per share for 30 consecutive business days.

Compliance and Delisting Timeline

The company is not eligible for the standard 180-day compliance period because it has implemented significant reverse stock splits over the past two years. According to the notice, DCX securities are scheduled for delisting and suspension from the Nasdaq Capital Market at the market open on January 29, 2026, unless the company files a successful appeal.

Company Response and Market Uncertainty

DCX announced its intention to appeal the determination by requesting a hearing before the Nasdaq Hearings Panel. The firm recently implemented a 12-for-1 share consolidation to regain compliance. However, the company acknowledged there are no assurances that it will successfully maintain Nasdaq listing standards or that its appeal will succeed.

Future Outlook for DCX

The immediate future for DCX on the Nasdaq exchange is uncertain and is contingent on the outcome of its planned appeal. Market participants will be closely monitoring the Nasdaq Hearings Panel's decision regarding the company's listed status.

FAQ

Q: Why is DCX facing delisting from Nasdaq?
A: DCX failed to maintain a minimum closing bid price of $1.00 per share for 30 consecutive business days, which violates a key Nasdaq listing rule.

Q: What is the next step for DCX?
A: The company plans to appeal the delisting notice by requesting a formal hearing before the Nasdaq Hearings Panel.

Source: Investing.com