Zhongchao to consolidate shares 1-for-31 to maintain Nasdaq listing

PUBT·06/04/2026 12:03:04

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Zhongchao will execute a 1-for-31 share consolidation, effective for Nasdaq trading from June 8, 2026.
Class A ordinary shares will trade under symbol ZCMD on a post-consolidation basis with new CUSIP G9897X131.
Move targets Nasdaq Capital Market listing compliance.
Issued Class A shares to fall to about 2,570,507 from 79,685,696; Class B to about 20,161 from 624,972.
No fractional shares; any resulting fractions will be rounded up to the next whole share.

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: CN75925) on June 04, 2026, and is solely responsible for the information contained therein.

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