Filing context
iTonic Holdings Ltd filed this Form 6-K on October 2, 2026, reporting a shareholder-approved share consolidation. The filing provides no quarterly or annual operating results.
Share consolidation and capital changes
At its September 9, 2026 extraordinary general meeting, shareholders approved a 16-for-1 consolidation of both Class A and Class B ordinary shares. Each 16 shares will become one share, with par value increasing from US$0.0001 to US$0.0016 per share.
- The consolidation is scheduled to take effect at 12:01 a.m. Eastern Time on October 6, 2026, subject to applicable corporate requirements and Nasdaq not objecting.
- Issued Class A shares are expected to decrease from 109,382,000 to approximately 6,836,375; issued Class B shares from 7,668,000 to approximately 479,250.
- Fractional entitlements will be rounded up to the next whole share.
- Immediately after consolidation, authorized capital is to remain US$50,000, comprising 25,000,000 Class A and 6,250,000 Class B shares. The approved share capital increase will then raise authorized capital to US$800,000, comprising 400,000,000 Class A and 100,000,000 Class B shares. The increase creates authorized but unissued shares and does not itself increase shares outstanding.
- Options, warrants, convertible or exchangeable securities, and equity-plan share reserves will be adjusted as applicable under their terms.
Trading, outlook, and risks
The Class A shares are expected to trade on Nasdaq’s Capital Market on a post-consolidation basis from market open on October 6 under the existing symbol ITOC. The new CUSIP is G71399110, replacing G71399102.
The stated purpose is to raise the trading price per Class A share to support efforts to regain compliance with Nasdaq’s US$1.00 minimum bid-price requirement. Nasdaq has granted the Company until October 19, 2026 to regain compliance. The Company cautions that the consolidation may not enable it to regain or maintain Nasdaq compliance.
The filing reports no revenue, profit, cash flow, margins, debt, liquidity, or financial guidance; those values are not provided in this filing.
Important facts for investors to verify
- Whether the consolidation and authorized share-capital increase become effective as scheduled, including satisfaction of corporate requirements and Nasdaq’s position.
- Whether the post-consolidation share price meets Nasdaq’s minimum bid-price requirement by October 19, 2026, and whether compliance is maintained.
- The final post-consolidation share counts and the terms of adjustments to outstanding equity-linked securities and incentive plans.
The filing and its press-release exhibit are incorporated by reference into the Company’s specified Form F-3 and Form S-8 registration statements, subject to later filings or reports.