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.

Zhongchao Inc. partially exercised an Additional Allocation Option associated with its July 2026 registered direct offering. On August 5, 2026, a purchaser bought 454,545 Class A Ordinary Shares at $1.10 per share under the option to purchase up to 200% of the initial allocation. These shares were issued on August 6, 2026, bringing the total outstanding Class A Ordinary Shares to 8,666,755. Zhongchao Inc. operates in the digital entertainment and online gaming industry.

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.

On July 21, 2026, Zhongchao Inc. issued 2,500,000 Class A ordinary shares and 200,000 Class B ordinary shares to More Healthy Holdings Limited, the holding vehicle of founder and CEO Weiguang Yang. The allotment compensates Mr. Yang for his strategic leadership and stewardship. Following this issuance, Mr. Yang holds 2,500,740 Class A and 206,721 Class B shares, controlling approximately 99.45% of the company's total voting power. The transaction received prior approval from the Board of Directors and relevant committees on June 3, 2026. Zhongchao Inc. is a China-based company.

At an extraordinary general meeting on June 18, 2026, shareholders approved a massive increase in authorized share capital from US$20,000,000 to US$10,000,000,000. This expansion allows for a significantly higher number of Class A and Class B ordinary shares. Additionally, shareholders approved a proposal granting the Board of Directors discretion to implement one or multiple share consolidations over the next three years. These consolidations may use any ratio between 2:1 and 250:1 at a time determined by the Board. The company also approved amending its memorandum and articles of association to reflect these capital and consolidation changes. Zhongchao Inc. is a Cayman Islands exempt company.