Chijet Motor Company announced on November 14, 2025 that its planned name change to Digital Currency X Technology Inc. and new ticker symbol DCX would be postponed until regulatory approval is obtained, so shares will continue to trade under the old name and ticker until the change is finalized.
The company completed a 100‑for‑1 share consolidation effective November 3, 2025, and received shareholder approval for the name change on September 24, 2025, but the consolidation and name change are still subject to approval from the Cayman Islands Registrar.
Chijet also received a Nasdaq notification in October 2025 regarding minimum bid‑price compliance, indicating ongoing challenges to maintain its listing on the Nasdaq Capital Market. The company’s management has stated that the delay is due to regulatory procedures required by the registrar and the need to satisfy Nasdaq’s listing requirements.
Financially, Chijet reported revenue of $6.915 million for 2024, down from $9.483 million in 2023, and has experienced negative profitability and high leverage. Its market capitalization was approximately $2.12 million as of November 14, 2025, underscoring the company’s precarious financial position.
The strategic pivot to digital‑currency treasury management represents a significant shift from the company’s traditional automotive focus. While the move could open new revenue streams, the company’s weak financials and the uncertainty surrounding the regulatory approval process raise concerns about the feasibility and timing of the transition.
In October 2025, Chijet announced a $300 million private placement in cryptocurrency and a commitment to expand a private placement to $1 billion, efforts aimed at raising capital to support the pivot and address liquidity needs. The timing of these capital‑raising activities coincides with the delayed name change, suggesting a coordinated strategy to strengthen the company’s balance sheet while awaiting regulatory clearance.
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