DNA X shares jump 11.90% intraday after announcing executive changes and appointing blockchain expert Scott Walker to the board.

DNA X, Inc. surged 11.90% intraday following the announcement of executive and board changes. The stock’s sharp rise coincided with the resignation of CEO Peter Liu and Chief Commercial Officer Charles Becher, along with the appointment of Scott Walker to the Board. While the exits of Liu and Becher raised uncertainty, the addition of Walker—a blockchain expert with a background in entrepreneurship—was interpreted as a strategic move to strengthen the company’s technical and governance framework. The SEC filing noted no disputes in the leadership transitions, and Walker’s expertise may signal improved operational focus, particularly in DNA X’s blockchain-related initiatives. The market appeared to overweight Walker’s appointment as a positive catalyst, outweighing concerns over the resignations.