STOCK TITAN

iTonic shareholders approve 16-for-1 consolidation

Once effective, the capital increase would authorize 400 million Class A and 100 million Class B shares without itself increasing outstanding shares.

(Neutral)

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Form Type
6-K

Rhea-AI Filing Summary

iTonic Holdings Ltd (ITOC) said shareholders approved a 16-for-1 consolidation of its Class A and Class B ordinary shares. It is scheduled to take effect at 12:01 a.m. Eastern Time on October 6, 2026, subject to completion of applicable corporate requirements and Nasdaq not objecting. Issued and outstanding Class A shares are expected to decrease from 109,382,000 to approximately 6,836,375, and Class B shares from 7,668,000 to approximately 479,250.

After the consolidation, the related share capital increase would raise authorized share capital from US$50,000 to US$800,000, comprising 400,000,000 authorized Class A shares and 100,000,000 authorized Class B shares. The increase creates authorized but unissued shares and does not itself increase outstanding shares. The consolidation is intended to support efforts to regain compliance with Nasdaq’s US$1.00 minimum bid price requirement; Nasdaq granted iTonic until October 19, 2026 to regain compliance, and the company said there is no assurance it will do so.

0 points · 0 major

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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.

0 major · 1 point

How the balance works

Positive

  • None.

Negative

  • Moderate pointNasdaq bid-price compliance deadline: October 19, 2026 for the US$1.00 minimum bid price requirement.

Filing Explained

If the approved 16-for-1 consolidation takes effect, outstanding options, warrants and convertible or exchangeable securities, and equity-plan share reserves, will be adjusted proportionately under their terms; fractional Class A or Class B entitlements will be rounded up to whole shares.

Share consolidation ratio 16-for-1 Class A and Class B ordinary shares
Class A shares after consolidation Approximately 6,836,375 shares Expected issued and outstanding shares
Class B shares after consolidation Approximately 479,250 shares Expected issued and outstanding shares
Authorized share capital after increase US$800,000 Following the consolidation and related share capital increase
Authorized Class A shares after increase 400,000,000 shares Following the related share capital increase
Authorized Class B shares after increase 100,000,000 shares Following the related share capital increase
Minimum bid price requirement US$1.00 per share Nasdaq Listing Rule 5550(a)(2)
Share Consolidation financial
"a 16-for-1 consolidation of the Company’s class A ordinary shares"
Share consolidation is a process where a company reduces the total number of its shares by combining multiple existing shares into a smaller number of higher-value shares. This can make each share more expensive and potentially improve the company’s image. For investors, it often means their ownership remains the same, but the value of each share increases, which can influence how the stock is perceived and traded.
authorized share capital financial
"a related increase in authorized share capital"
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.
fractional entitlement financial
"Any fractional entitlement resulting from the Share Consolidation"
minimum bid price requirement regulatory
"regain compliance with the US$1.00 minimum bid price requirement"
A minimum bid price requirement is a rule that a stock must trade above a set price for a specified period to stay listed on an exchange. It matters to investors because falling below that threshold can trigger warnings or removal from the exchange, which can cut liquidity, reduce visibility, and often lead to sharper declines in share value—think of it like a venue’s minimum dress code that, if not met, can bar a performer from the stage.
Split Ratio 1-for-16 reverse split
Effective Date October 6, 2026
Shares Before Split 109,382,000
Shares After Split 6,836,375
Other Share Class After Split 479,250

FAQ

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

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

It is scheduled to take effect at 12:01 a.m. Eastern Time on October 6, 2026, subject to completion of applicable corporate requirements and Nasdaq not objecting. Class A shares are expected to begin trading on a post-consolidation basis at market open that day under the current symbol ITOC.

How many ITOC shares are expected to remain after the consolidation?

Issued and outstanding Class A shares are expected to be approximately 6,836,375, and issued and outstanding Class B shares approximately 479,250, after the 16-for-1 consolidation.

Will ITOC’s share capital increase issue additional shares?

The increase creates authorized but unissued shares and does not itself increase the number of shares outstanding. The authorized share capital would become US$800,000, divided into 400,000,000 Class A shares and 100,000,000 Class B shares.

What is ITOC’s Nasdaq minimum bid-price compliance deadline?

Nasdaq granted iTonic until October 19, 2026 to regain compliance with the US$1.00 minimum bid price requirement. The company said there can be no assurance the consolidation will enable it to regain or maintain compliance.

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

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Learn about SEC filing dates

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of October 2026

 

Commission File Number: 001-42263

 

iTonic Holdings Ltd

(Exact name of registrant as specified in its charter)

 

Room 405, LongHu Hailanyinqing Industrial Park,
Building 6, No. 8 Beiyuan Xiaojie, Chaoyang District, Beijing, China

(Address of principal executive offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F ☒         Form 40-F ☐

 

 

 

 

 

 

At the extraordinary general meeting (the “EGM”) of shareholders of iTonic Holdings Ltd (the “Company”) 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.

 

Attached as Exhibit 99.1 is the Company’s press release dated October 2, 2026, titled “iTonic Holdings Ltd Announces 16-for-1 Share Consolidation Effective October 6, 2026.” This report on Form 6-K and Exhibit 99.1 are incorporated by reference into the Company’s registration statement on Form F-3 (File No. 333-293241) and registration statement on Form S-8 (File No. 333-286673), and into each prospectus outstanding under those registration statements, to the extent not superseded by documents or reports subsequently filed or furnished by the Company.

 

Exhibits

 

Exhibit No.   Description
99.1   Press Release dated October 2, 2026 — iTonic Holdings Ltd Announces 16-for-1 Share Consolidation Effective October 6, 2026

 

1

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

Date: October 2, 2026

 

  iTonic Holdings Ltd
     
  By: /s/ Jianfei Zhang
  Name:  Jianfei Zhang
  Title: Chief Executive Officer

 

2

 

 

Exhibit 99.1

 

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

 

BEIJING, China, October 2, 2026 -- 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

 

Filing Exhibits & Attachments

1 document

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