Zhongchao to consolidate shares 1-for-3 to maintain Nasdaq listing
PUBT · 06/25 12:02
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- Zhongchao will execute a 1-for-3 share consolidation of its ordinary shares, effective June 29, 2026.
- Class A shares will trade on a post-consolidation basis on Nasdaq under ZCMD, with new CUSIP G9897X149.
- Par value shifts to US$0.744 per share from US$0.248; fractional shares will be rounded up.
- Issued Class A shares fall to about 1,149,825 from 3,449,475; Class B to 6,721 from 20,161.
- Move targets compliance with Nasdaq Capital Market listing requirements.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Zhongchao Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202606250800PR_NEWS_USPR_____CN92020) on June 25, 2026, and is solely responsible for the information contained therein.
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