Digital Currency X Technology Stock Plunges Friday: What's Happening?

Digital Currency X Technology Inc (NASDAQ: DCX) shares fell 72.71% to 11 cents, marking a new 52-week low, following the announcement of a $5 million registered direct offering. The company plans to sell approximately 23.8 million shares at 21 cents each to institutional investors, with proceeds aimed at working capital and digital asset acquisitions. The offering is expected to close around September 21 and includes Series A and B warrants with varying exercise prices and expiration dates.