Chijet Motor Company, Inc. announced on October 29, 2025, that it will effect a one hundred (100)-for-one (1) share consolidation of its issued and unissued ordinary shares on November 3, 2025. The board of directors resolved to implement this specific 100-for-1 ratio.
Beginning November 3, 2025, the company’s Class A ordinary shares will trade on the Nasdaq Capital Market on a consolidation-adjusted basis, with a new CUSIP number assigned. This action is expected to increase the market price per share to meet Nasdaq's minimum bid price requirement.
The company also confirmed that, subject to regulatory approval, its name will change from "CHIJET MOTOR COMPANY, INC." to "Digital Currency X Technology Inc." This name change, along with the share consolidation, aligns the company's corporate identity with its new strategic focus on digital currency.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.