Zhongchao Inc. Launches $5M Offering at $0.54 per Unit with Warrants
ZCMD•Zhongchao Inc. priced a best efforts public offering of 9,259,260 units at $0.54 each, raising approximately $5 million before fees. Each unit comprises one Class A share or a pre-funded warrant plus a warrant exercisable at $0.594 until six months post-issuance, with closing targeted around June 1, 2026.
1. Offering Details
Zhongchao Inc. announced a best efforts public offering of 9,259,260 units priced at $0.54 per unit, aiming to raise about $5 million before placement agent fees and expenses.
2. Unit Composition and Terms
Each unit consists of one Class A ordinary share or a pre-funded warrant and one warrant to purchase a Class A share at an initial exercise price of $0.594 per share, exercisable immediately through six months post-issuance.
3. Closing and Additional Units
The offering is expected to close around June 1, 2026, and purchasers may elect to purchase up to an equal number of additional units within 30 days, at the same price, subject to customary closing conditions.
