Zhongchao Inc. Announces Share Consolidation
Zhongchao Inc., a platform-based internet technology company, announced it will implement a 1-for-2 share consolidation of its ordinary shares to maintain its listing on the Nasdaq Capital Market. The consolidation is set to take effect starting October 2, 2026, with Class A and B shares trading under new CUSIP numbers but retaining their ticker symbol ZCMD. The move will reduce the total number of outstanding shares from approximately 8,666,755 Class A ordinary shares and 206,721 Class B ordinary shares to around 4,333,378 Class A and 103,361 Class B shares. Fractional shares will be rounded up to the nearest whole number. The consolidation was approved by shareholders on September 18, 2026, and by the board of directors earlier that month. Zhongchao operates in China through its PRC entities, offering online healthcare services for oncology patients and other major diseases via platforms like MDMOOC and Zhixun Internet Hospital. The company emphasized this restructuring is aimed at maintaining compliance with Nasdaq listing requirements.
Tickers: $ZCMD
Topics: listing compliance stock structure