Zhongchao Inc. has proposed a share consolidation affecting both its Class A and Class B ordinary shares. The consolidation aims to increase the company’s share price to comply with Nasdaq’s minimum bid price requirement. No fractional shares will be issued; instead, any fractional entitlements will be rounded up to the next whole share. The proposal is subject to shareholder approval at an upcoming extraordinary general meeting.
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 EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-005752), on January 20, 2026, and is solely responsible for the information contained therein.