ZCMD · Zhongchao Inc.

Summary

Zhongchao Inc. announced a 1-for-8 share consolidation effective March 2, 2026, to regain compliance with Nasdaq Marketplace Rule 5550(a)(2), reducing issued Class A ordinary shares from 25,754,124 to approximately 3,219,267 and Class B from 4,999,772 to 624,972, with par value increasing from US$0.001 to US$0.008 per share. The company simultaneously adopted an Amended and Restated Memorandum of Association on February 10, 2026, effective March 2, 2026, authorizing US$20,000,000 share capital divided into 2,250,000,000 Class A and 250,000,000 Class B ordinary shares of US$0.008 par value each.

Key takeaways

• 1-for-8 share consolidation effective March 2, 2026
• Pre-consolidation: 25,754,124 Class A and 4,999,772 Class B ordinary shares issued and outstanding
• Post-consolidation: approximately 3,219,267 Class A and 624,972 Class B ordinary shares
• Par value changes from US$0.001 to US$0.008 per share
• Approved by shareholders and board on February 10, 2026
• New CUSIP G9897X123; trading continues as ZCMD on Nasdaq Capital Market
• Amended Memorandum authorizes US$20,000,000 capital with 2,250M Class A and 250M Class B shares