Zhongchao Inc. (NASDAQ: ZCMD) restores compliance with Nasdaq $1.00 bid rule

Rhea-AI Filing Summary

Zhongchao Inc. regained compliance with Nasdaq’s minimum bid price rule after its Class A ordinary shares closed at or above $1.00 for 11 consecutive business days from March 2, 2026 to March 16, 2026. Nasdaq confirmed that this satisfies Rule 5550(a)(2), which requires a minimum 10-day streak. The prior deficiency notice from November 28, 2025 is now resolved and the matter is closed.

Positive

• Nasdaq compliance restored: Zhongchao Inc. satisfied the minimum bid price requirement by maintaining a closing bid of at least $1.00 for 11 consecutive business days, removing the prior listing deficiency and associated delisting risk.

Negative

• None.

Insights

Equity markets and listing standards analyst

Zhongchao removes Nasdaq delisting risk by regaining minimum bid compliance.

Zhongchao Inc. had been under a Nasdaq deficiency notice because its Class A ordinary shares traded below $1.00 for an extended period in late 2025. Under Rule 5550(a)(2), maintaining a closing bid of at least $1.00 for 10 consecutive business days cures this issue.

The company achieved 11 consecutive business days at or above that level from March 2–16, 2026, and Nasdaq confirmed the company is back in good standing, closing the matter. This removes an overhang related to potential delisting and keeps access to Nasdaq’s trading venue, which can be important for liquidity and investor confidence.

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Form 6-K: How Foreign Companies Report to the SEC →

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 March 2026

Zhongchao Inc.

(Exact name of registrant as specified in its charter)

Room 2504, OOCL Plaza

841 Yan’an Middle Road

Jing’An District, Shanghai, China 200040

Tel: 021-32205987

(Address of Principal Executive Office)

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  ☐

Zhongchao Inc. Has Regained Compliance with Nasdaq’s Minimum Bid Price Deficiency

On March 17, 2026, Zhongchao Inc. (the “Company”) received written notice (the “Compliance Letter”) from the Nasdaq Stock Market LLC (“Nasdaq”) informing the Company that it has regained compliance with Nasdaq Rule 5550(a)(2) (the “Minimum Bid Price Requirement”).

As previously disclosed, on November 28, 2025, the Company received written notice (the “Letter”) from the Nasdaq notifying the Company that it is not in compliance with the Minimum Bid Price Requirement, as the closing bid price for the Company’s Class A ordinary shares had been below $1.00 per share for the period from October 9, 205 to November 26, 2025. In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company had 180 calendar days to regain compliance, or until May 28, 2026 (the “Compliance Period”), to regain compliance with the Minimum Bid Price Requirement. To regain compliance with the Minimum Bid Price Requirement, the closing bid price of the Company’s Class A ordinary shares must be at least $1.00 per share for a minimum of 10 consecutive business days at any time prior to the expiration of Compliance Period.

According to the Compliance Letter, for the last 11 consecutive business days, from March 2, 2026 to March 16, 2026, the closing bid price of the Company’s Class A ordinary shares has been at $1.00 per share or greater. Accordingly, the Company has regained compliance with the Minimum Bid Price Requirement, and the matter is closed.

INCORPORATION BY REFERENCE

This Report on Form 6-K is hereby incorporated by reference in the Company’s registration statement on Form S-8 (File No. 333-289791), Form S-8 (File No. 333-288589), Form F-3 (File No. 333-279667) and Form F-3 (File No. 333-283916) to the extent not superseded by documents or reports subsequently filed or furnished.

1

SIGNATURES

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

	Zhongchao Inc.
Date: March 18, 2026	By:	/s/ Weiguang Yang
		Weiguang Yang
		Chief Executive Officer

2

FAQ

What did Zhongchao Inc. (ZCMD) announce in this Form 6-K?

Zhongchao Inc. announced that it has regained compliance with Nasdaq’s minimum bid price requirement. Its Class A ordinary shares closed at or above $1.00 for 11 consecutive business days, leading Nasdaq to confirm the deficiency matter is now closed.

Why was Zhongchao Inc. (ZCMD) previously non-compliant with Nasdaq rules?

Zhongchao Inc. was previously non-compliant because its Class A ordinary shares closed below $1.00 per share from October 9, 2025 to November 26, 2025. This triggered a Nasdaq notice under Rule 5550(a)(2), which sets the minimum bid price requirement for continued listing.

How did Zhongchao Inc. (ZCMD) regain compliance with Nasdaq’s minimum bid rule?

Zhongchao Inc. regained compliance by having its Class A ordinary shares close at or above $1.00 per share for 11 consecutive business days, from March 2, 2026 to March 16, 2026. Nasdaq requires at least 10 such consecutive days to satisfy the minimum bid rule.

What happens now that Zhongchao Inc. (ZCMD) meets Nasdaq’s minimum bid price?

Now that Zhongchao Inc. meets the minimum bid price requirement, Nasdaq has informed the company that it is back in compliance and the deficiency matter is closed. This means its Nasdaq listing continues under the usual rules without an active bid-price deficiency.

What was the compliance period given to Zhongchao Inc. (ZCMD) by Nasdaq?

Nasdaq granted Zhongchao Inc. a 180-day compliance period ending May 28, 2026 to meet the minimum bid requirement. Within this window, the company needed at least 10 consecutive business days with a $1.00 closing bid, which it achieved by mid-March 2026.

Which registration statements incorporate this Zhongchao Inc. (ZCMD) Form 6-K by reference?

This Form 6-K is incorporated by reference into Zhongchao Inc.’s registration statements on Form S-8 (File Nos. 333-289791 and 333-288589) and Form F-3 (File Nos. 333-279667 and 333-283916), unless later filings or reports supersede this information.