Corporate ActionMay 13, 2026, 04:07 PM
iTonic Holdings Completes $20M Private Placement
AI Summary
iTonic Holdings Ltd announced the completion of its April 2026 private placement. The company issued 100,000,000 Class A Ordinary Shares at US$0.20 per share, raising approximately US$20,000,000 in gross proceeds. This new agreement followed the mutual termination of a previously disclosed March 2026 private placement subscription agreement, with the newly issued shares subject to a six-month lock-up period.
Key Highlights
- iTonic Holdings completed a private placement offering of 100,000,000 Class A Ordinary Shares.
- The shares were issued at a subscription price of US$0.20 per share.
- The private placement generated aggregate gross proceeds of approximately US$20,000,000.
- The Class A Ordinary Shares issued are subject to a six-month lock-up period.
- The April 2026 Private Placement closed on April 16, 2026.
- A prior subscription agreement for a March 2026 private placement was mutually terminated on April 15, 2026.
Price Impact
More from ITOC
More in Corporate Action