iTonic Holdings Ltd Announces 16-for-1 Share Consolidation Effective October 6, 2026

The authorized capital increase creates additional unissued shares but does not itself increase shares outstanding.

Rhea-AI Summary

iTonic Holdings (ITOC) will consolidate every 16 shares into one on October 6, 2026, subject to corporate requirements and Nasdaq not objecting. The consolidation covers Class A and Class B shares and takes effect at 12:01 a.m. Eastern Time. Class A shares are expected to begin split-adjusted trading that day.

Outstanding Class A shares will fall from 109,382,000 to approximately 6,836,375; Class B shares will fall from 7,668,000 to approximately 479,250. A related increase will raise authorized capital to US$800,000 without itself increasing outstanding shares. The company intends the consolidation to support regaining compliance with Nasdaq’s US$1.00 minimum bid price requirement by October 19, 2026; compliance is not assured.

0 points · 0 major

NegativeiHow this balance works

How this balance works

Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

How the balance worksHow Sentiment works

0 major · 3 points

Hollow bars mark forward-looking points. How the balance works

Positive

• None.

Negative

• Moderate point. Forward-looking: it has not happened yet and may not happen.16-for-1 consolidation is intended to support regaining compliance with Nasdaq’s US$1.00 minimum bid price requirement.
• Minor pointOctober 19, 2026 compliance deadline remains; the consolidation does not assure regaining or maintaining Nasdaq compliance.
• Minor point. Forward-looking: it has not happened yet and may not happen.October 6 effectiveness is subject to applicable corporate requirements being completed and Nasdaq not objecting.

Argus 15 min delay 2 alerts

-4.86% vs previous close $0.27 last price 15.3x rel. volume Open Argus

Details

Market move: ITOC -4.86% vs previous close. 16-for-1 share consolidation

$0.25 – $0.29 Day Range

$31.83M Market Cap

On Oct 2, the day this news came out, the latest delayed price for ITOC is 4.86% below the previous close. Our momentum scanner has recorded 2 alerts for this stock so far that day. The latest delayed price is $0.27. Relative volume is exceptionally heavy at 15.3x the average.

Data tracked by StockTitan Argus (15 min delayed). Upgrade to Gold for real-time data.

Key Figures

Share consolidation ratio: 16-for-1 Class A shares outstanding: 109,382,000 to approximately 6,836,375 shares Class B shares outstanding: 7,668,000 to approximately 479,250 shares +4 more

Share consolidation ratio

16-for-1

Class A and Class B ordinary shares

Class A shares outstanding

109,382,000 to approximately 6,836,375 shares

Before and after the consolidation

Class B shares outstanding

7,668,000 to approximately 479,250 shares

Before and after the consolidation

Authorized share capital

US$50,000 to US$800,000

Authorized capital increase; does not itself increase shares outstanding

Nasdaq minimum bid price

US$1.00

Nasdaq Listing Rule 5550(a)(2)

Compliance deadline

October 19, 2026

Deadline to regain Nasdaq minimum bid-price compliance

Effective date

October 6, 2026

Share consolidation, subject to applicable requirements and Nasdaq not objecting

Historical Context

1 past event · Latest: Apr 23

1 event

1. Apr 23

   Nasdaq extension

   24h Move

   +24.8%

   Nasdaq granted an extension to regain the minimum bid-price requirement by October 19, 2026.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

authorized share capital, par value, cusip number

3 terms

authorized share capital financial

"the Company’s authorized share capital will remain US$50,000"

The maximum number of shares a company is legally allowed to issue according to its governing documents. Think of it as the size of the blank checkbook a company keeps for selling ownership stakes: it sets an upper limit but does not mean all shares are in circulation. Investors care because a larger authorized amount makes it easier for the company to raise money or grant stock-based pay, which can dilute existing holdings and affect control and value per share.

par value financial

"par value US$0.0001 each, into one (1) Class A Ordinary Share"

Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.

cusip number financial

"The new CUSIP number for the Class A Ordinary Shares"

A CUSIP number is a nine-character code that uniquely identifies a specific U.S. or Canadian stock, bond, or other security, similar to a barcode or a social-security number for a financial instrument. It matters to investors because it removes confusion between similar securities, ensures trades and settlements are applied to the correct issue, and helps locate official documents and transaction records quickly.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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BEIJING, China, Oct. 02, 2026 (GLOBE NEWSWIRE) -- iTonic Holdings Ltd (Nasdaq: ITOC) (the “Company”), a healthcare company developing digital medical technologies, today announced that at the extraordinary general meeting (the “EGM”) held on September 9, 2026, shareholders approved, among other matters, a 16-for-1 consolidation of the Company’s class A ordinary shares (the “Class A Ordinary Shares”) and class B ordinary shares (the “Class B Ordinary Shares”) (the “Share Consolidation”) and a related increase in authorized share capital. The Share Consolidation will combine every sixteen (16) issued and unissued Class A Ordinary Shares, par value US$0.0001 each, into one (1) Class A Ordinary Share, par value US$0.0016, and every sixteen (16) issued and unissued Class B Ordinary Shares, par value US$0.0001 each, into one (1) Class B Ordinary Share, par value US$0.0016.

The Share Consolidation will take effect at 12:01 a.m. Eastern Time on October 6, 2026 (the “Effective Date”), subject to completion of applicable corporate requirements and The Nasdaq Stock Market LLC (“Nasdaq”) not objecting. Upon the opening of the market on October 6, 2026, the Company’s Class A Ordinary Shares are expected to begin trading on The Nasdaq Capital Market on a post-Share Consolidation basis under the current symbol “ITOC”. The new CUSIP number for the Class A Ordinary Shares following the Share Consolidation will be G71399110, replacing the current CUSIP number G71399102.

The Share Consolidation will reduce the issued and outstanding Class A Ordinary Shares from 109,382,000 to approximately 6,836,375 and the issued and outstanding Class B Ordinary Shares from 7,668,000 to approximately 479,250. No fractional shares will be issued in connection with the Share Consolidation. Any fractional entitlement resulting from the Share Consolidation will be rounded up to the next whole Class A Ordinary Share or Class B Ordinary Share, as applicable.

Immediately following the Share Consolidation, the Company’s authorized share capital will remain US$50,000, divided into 25,000,000 Class A Ordinary Shares and 6,250,000 Class B Ordinary Shares, each of par value US$0.0016. The related share capital increase approved at the EGM will then increase the authorized share capital to US$800,000, divided into 400,000,000 Class A Ordinary Shares and 100,000,000 Class B Ordinary Shares, each of par value US$0.0016 (the “Share Capital Increase”). The Share Capital Increase creates additional authorized but unissued shares and does not itself increase the number of shares outstanding. The fourth amended and restated memorandum and articles of association approved at the EGM will take effect upon the Share Consolidation and the Share Capital Increase becoming effective.

Proportionate adjustments will be made, as applicable, to the number of shares issuable and the exercise or conversion prices under any outstanding options, warrants and convertible or exchangeable securities, and to share reserves under the Company’s equity incentive plans, in accordance with their respective terms.

The Share Consolidation is intended to increase the trading price per Class A Ordinary Share to support the Company’s efforts to regain compliance with the US$1.00 minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2). As previously disclosed, Nasdaq granted the Company until October 19, 2026 to regain compliance. There can be no assurance that the Share Consolidation will enable the Company to regain or maintain compliance with Nasdaq’s listing requirements.

About iTonic Holdings Ltd

iTonic Holdings Ltd (Nasdaq: ITOC) is a technology-driven healthcare company focused on developing innovative digital medical solutions. Through strategic investments and technology partnerships, the Company seeks to advance healthcare transformation through artificial intelligence, automation and intelligent data platforms. For more information, please visit: http://www.ftzy.com.cn/ir/overview.php

Forward-Looking Statements

This press release contains forward-looking statements under Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These include statements about the anticipated timing and implementation of the Share Consolidation, the Share Capital Increase and the amended and restated memorandum and articles of association; the number of shares outstanding after the Share Consolidation; post-consolidation trading and share prices; and the Company’s ability to regain or maintain compliance with Nasdaq’s listing requirements. Such statements reflect current expectations and assumptions and are subject to risks and uncertainties. Actual outcomes could differ materially because of delays in completing corporate or market implementation requirements, changes in the number of outstanding shares, market conditions, trading volatility, the Company’s financial and operating performance, and the risks described in the Company’s most recent annual report on Form 20-F and other SEC filings. Forward-looking statements speak only as of the date made. The Company undertakes no obligation to update them, except as required by law.

Investor Relations Contact

iTonic Holdings Ltd

Investor Relations

Email: ir@ftzy.com.cn

LLYC

Jackson Lin

Phone: +1-646-717-4593

Email: jian.lin@llyc.global

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

When does iTonic’s 16-for-1 share consolidation take effect?

The consolidation takes effect at 12:01 a.m. Eastern Time on October 6, 2026, subject to completion of applicable corporate requirements and Nasdaq not objecting. Every sixteen Class A or Class B ordinary shares will become one share of the same class. Class A shares are expected to begin split-adjusted trading that day.

How will iTonic handle fractional shares in its share consolidation?

Any fractional entitlement will be rounded up to the next whole share of the applicable class. No fractional Class A or Class B shares will be issued in connection with the consolidation.

How will iTonic’s consolidation affect options, warrants and convertible securities?

Proportionate adjustments will be made, as applicable, to shares issuable and exercise or conversion prices under outstanding options, warrants and convertible or exchangeable securities. Share reserves under equity incentive plans will also be adjusted, in accordance with their respective terms.