Zhongchao Inc. filed a Form 6-K announcing an extraordinary general meeting of shareholders scheduled for September 18, 2026. The company is seeking shareholder approval for a two-for-one reverse stock split (Share Consolidation Proposal) to address Nasdaq's minimum bid price requirement and avoid potential delisting. If approved, the consolidation will take effect on the tenth calendar day following the passing of the resolution. Additionally, shareholders are voting on a Share Capital Reduction and Reorganization Proposal to reduce authorized share capital from US$10 billion to approximately US$67,204 by reducing par value and canceling unissued shares, contingent upon approval of the reverse split. The board unanimously recommends voting for all proposals. Zhongchao Inc. operates in the technology sector, specifically providing digital marketing services.
