Zhongchao Inc.

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.

Zhongchao Inc. announced a 1-for-3 share consolidation, effective June 29, 2026, following shareholder and board approvals. Concurrently, the company completed a registered direct offering on July 24, 2026, raising approximately $4.5 million in net proceeds. The offering involved 300,000 Class A Ordinary Shares and pre-funded warrants to purchase an additional 4,245,455 Class A Ordinary Shares at $1.10 per share or warrant, with proceeds intended for general corporate purposes.

Zhongchao Inc. has issued 2,500,000 Class A ordinary shares and 200,000 Class B ordinary shares to More Healthy Holdings Limited, the holding company for its founder, CEO, and Chairman, Mr. Weiguang Yang. This issuance was in recognition of Mr. Yang's central role in the company's strategic direction and vision. Following this transaction, Mr. Yang's beneficial ownership now represents approximately 99.45% of the company's total voting power.

Zhongchao Inc. held an Extraordinary General Meeting on June 18, 2026, where shareholders approved several key corporate actions. These include a significant increase in the company's authorized share capital from US$20 million to US$10 billion. Additionally, shareholders approved a share consolidation, or reverse stock split, with a ratio ranging from 2:1 to 250:1, to be implemented at the Board's discretion within three years. The meeting also approved amendments to the company's memorandum and articles of association to reflect these changes.

Zhongchao Inc. has announced an Extraordinary General Meeting of Shareholders to be held on June 18, 2026. The meeting will consider five proposals, including a significant increase in authorized share capital from $20 million to $10 billion, and the authorization for the board to implement a share consolidation with a ratio between 2:1 and 250:1 within three years. Amendments to the company's memorandum and articles of association are also proposed to reflect these changes. The Board of Directors unanimously recommends that shareholders vote in favor of all proposals.

Zhongchao Inc. completed a public offering, raising aggregate gross proceeds of $5.6 million before deducting placement agent fees and other estimated expenses. The offering included Class A Ordinary Shares, Pre-Funded Warrants, and Warrants, with an additional allocation option also exercised by investors. All Pre-Funded Warrants and Warrants have since been exercised, resulting in the issuance of a significant number of Class A Ordinary Shares. The company intends to use the net proceeds for general working capital and other corporate purposes.

Zhongchao Inc. filed an amendment to its F-1 registration statement for a best-efforts public offering of up to 5,555,555 units. Each unit, priced at an assumed $2.16, consists of one Class A Ordinary Share (or a Pre-Funded Warrant) and one Warrant. The company is also registering up to 5,555,555 Class A Ordinary Shares underlying the Pre-Funded Warrants and up to 49,999,995 Class A Ordinary Shares underlying the Warrants, which include a 'zero exercise price' option that may result in dilution without cash proceeds. The filing highlights significant risks associated with its Variable Interest Entity (VIE) structure in China and evolving PRC regulatory landscape, including CSRC filing requirements and cybersecurity reviews.

Zhongchao Inc. is launching a best-efforts public offering of up to 5,555,555 Units, each priced at an assumed $2.16 and comprising one Class A Ordinary Share (or a Pre-Funded Warrant) and one Warrant. The offering could lead to the issuance of up to 5,555,555 Class A Ordinary Shares from Pre-Funded Warrants and up to 49,999,995 Class A Ordinary Shares from Warrants, which feature a zero exercise price option. The company highlights significant risks, including those related to its VIE structure, PRC regulatory uncertainties (CSRC filing, cybersecurity), and potential delisting due to the dilutive impact of the Warrants.