Zhongchao Inc. completed a registered direct offering on July 24, 2026, selling 300,000 Class A ordinary shares and pre-funded warrants to purchase 4,245,455 additional shares at $1.10 per unit. The company received net proceeds of approximately $4.5 million, which will be used for general corporate purposes. This transaction followed a 1-for-3 share consolidation that became effective on June 29, 2026, reducing the number of outstanding shares and increasing the par value to US$0.744. The company operates in the technology and internet services industry.
