Corporate ActionAug 11, 2026, 07:02 AM
Zhongchao Purchaser Exercises Option for 454,545 Shares
AI Summary
Zhongchao Inc. announced that a purchaser partially exercised its Additional Allocation Option, acquiring 454,545 Class A Ordinary Shares at US$1.10 per share. These shares were issued on August 6, 2026, bringing the total outstanding Class A Ordinary Shares to 8,666,755. This option was part of a previously disclosed registered direct offering from July 2026, allowing purchasers to buy up to 200% of their initial allocation within 60 days.
Key Highlights
- A purchaser partially exercised an Additional Allocation Option.
- 454,545 Class A Ordinary Shares were purchased by the investor.
- The additional shares were issued on August 6, 2026.
- The purchase price for these shares was US$1.10 per share.
- Following the issuance, Zhongchao Inc. has 8,666,755 Class A Ordinary Shares outstanding.
- The Additional Allocation Option allowed purchasers to buy up to 200% of their original July 2026 Offering shares.
- The option was valid for a 60-day period.
Price Impact
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