$700M Private Placement at $2.11 per Unit Fuels Digital Asset Treasury and AI Push
DCX•Company entered into a securities purchase agreement for $700 million of units priced at $2.11 each, payable in US dollars or digital assets. Each unit includes one Class A share and three warrants exercisable at $2.11 until June 2029, proceeds funding working capital, digital asset treasury strategy and AI cloud computing expansion.
1. Private Placement Agreement
The Company entered into a securities purchase agreement to sell $700 million of units to certain investors. Each unit is priced at $2.11 and may be purchased with US dollars or agreed digital assets such as Bitcoin and Ethereum.
2. Unit Composition and Pricing
Each unit comprises one Class A share and three warrants with an exercise price of $2.11 per share. Warrants become exercisable on June 24, 2026 and will expire three years later.
3. Use of Proceeds
Net proceeds will support working capital and general corporate purposes, including execution of the digital asset treasury strategy and expansion of the newly established AI cloud computing services business.
4. Strategic Transition and Financing Mechanics
This private placement advances the Company’s shift from legacy electric-vehicle manufacturing to a focused digital-asset treasury and technology business. Accepting digital assets as payment aligns financing with the assets managed and staked by the treasury team.
