Zhongchao Inc to Consolidate Shares 1-for-8, Regain Nasdaq Compliance
Zhongchao Inc will consolidate its Class A and B shares on a 1-for-8 basis effective March 2, 2026, trading under its symbol with new CUSIP G9897X123. The move cuts outstanding Class A shares to about 3.22 million and Class B shares to roughly 625,000 to meet Nasdaq rule requirements.
1. Share Consolidation Mechanics
Zhongchao Inc will effect a 1-for-8 consolidation of all Class A and Class B ordinary shares, effective at the opening of trading on March 2, 2026. Post-consolidation shares will trade under the same symbol and a new CUSIP number, G9897X123.
2. Purpose and Compliance
The consolidation aims to increase the per-share price to satisfy Nasdaq Capital Market listing requirements under Rule 5550(a)(2) and preserve the company’s listing status. This adjustment follows shareholder and board approval on February 10, 2026.
3. Outstanding Share Counts
Prior to consolidation, Zhongchao had 25,754,124 Class A shares and 4,999,772 Class B shares outstanding. After consolidation, these will be approximately 3,219,267 Class A shares and 624,972 Class B shares, with any fractional amounts rounded up to the next whole share.