Zhongchao Inc. Sets 1-for-31 Share Consolidation, New CUSIP G9897X131
ZCMD•Zhongchao Inc. will implement a 1-for-31 consolidation of its Class A and Class B shares effective June 8, 2026, reducing Class A shares from 79,685,696 to approximately 2,570,507 and Class B shares from 624,972 to about 20,161. The new CUSIP number will be G9897X131 and fractional shares will round up.
1. Consolidation Details
Zhongchao Inc. will consolidate every 31 Class A and Class B ordinary shares into one post-consolidation share, effective at the opening of trading on June 8, 2026. This action will reduce Class A shares from 79,685,696 to approximately 2,570,507 and Class B shares from 624,972 to around 20,161, and will introduce CUSIP G9897X131.
2. Purpose and Listing Implications
The primary objective of the share consolidation is to maintain the Company’s listing status on the Nasdaq Capital Market by boosting the per-share price. This move is expected to help Zhongchao meet minimum bid price requirements and improve its market profile.
3. Impact on Shareholders
All shareholders will experience the same consolidation ratio without altering their proportional ownership, aside from fractional share adjustments. Any fractional interests resulting from the ratio will be rounded up to the nearest whole share, ensuring no cash payments or partial holdings.
