Zhongchao issues 2.5M Class A, 200K Class B shares
Rhea-AI Filing Summary
Zhongchao Inc. allotted and issued 2,500,000 Class A and 200,000 Class B ordinary shares, each with par value $0.744, to More Healthy Holdings Limited, the British Virgin Islands holding vehicle of founder, Chief Executive Officer and Chairman Weiguang Yang, as equity compensation for his services.
The share grant was approved by the Audit Committee, Compensation Committee and Board of Directors on June 3, 2026. Following the issuance, Mr. Yang beneficially owns 2,500,740 Class A and 206,721 Class B ordinary shares, representing approximately 99.45% of the aggregate voting power of Zhongchao’s ordinary shares.
Positive
- None.
Negative
- Founder now holds about 99.45% of voting power, resulting in highly concentrated control of Zhongchao’s ordinary shares in a single individual.
Key Figures
New Class A shares issued: 2,500,000 shares
New Class B shares issued: 200,000 shares
Par value per share: $0.744 per share
+3 more
6 metrics
New Class A shares issued
2,500,000 shares
Class A ordinary shares allotted and issued on July 21, 2026
New Class B shares issued
200,000 shares
Class B ordinary shares allotted and issued on July 21, 2026
Par value per share
$0.744 per share
Par value of both Class A and Class B ordinary shares issued
Post-issuance Class A holdings
2,500,740 shares
Class A ordinary shares beneficially owned by Weiguang Yang after issuance
Post-issuance Class B holdings
206,721 shares
Class B ordinary shares beneficially owned by Weiguang Yang after issuance
Aggregate voting power held
99.45%
Approximate aggregate voting power of Zhongchao ordinary shares controlled by Weiguang Yang
Key Terms
foreign private issuer, beneficially owns, aggregate voting power, par value, +1 more
5 terms
foreign private issuer regulatory
"Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT RULE 13a-16"
A foreign private issuer is a company organized outside the United States that meets tests showing it is primarily foreign-controlled and therefore qualifies for a different set of U.S. reporting rules. For investors, that means the company files less frequent or differently formatted disclosures with U.S. regulators and may follow home-country accounting and governance practices, so buying its stock is like dining at a well-reviewed restaurant that follows its home kitchen’s rules instead of the local menu — you get access but should check what standards apply.
beneficially owns financial
"Immediately following the issuance, Mr. Weiguang Yang beneficially owns 2,500,740"
Beneficially owns means a person or entity enjoys the economic benefits and control of a security even if the legal title or registration is held in another name. Think of it like having the keys and profits from a car that is registered to a friend: you use it, benefit from it, and make decisions about it even though the official paperwork lists someone else. For investors, this matters because it reveals who truly controls shares, affects voting power, potential conflicts of interest, and regulatory disclosure obligations.
aggregate voting power financial
"representing approximately 99.45% of the aggregate voting power of the Company’s"
par value financial
"Class A ordinary shares, par value $0.744 per share, of the Company"
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.
incorporated by reference regulatory
"This Report on Form 6-K is hereby incorporated by reference in the Company’s"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
Is this Zhongchao (ZCMD) 6-K incorporated into any existing registration statements?
Yes. The report is incorporated by reference into Zhongchao’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 supersede it.
AI-generated analysis. How Rhea-AI works. Not financial advice.
