ZCMD Zhongchao Inc.
Price Chart
Executive Summary
Zhongchao Inc. (ZCMD) filed a 6-K reporting the effectiveness of a 1-for-31 reverse share consolidation on June 8, 2026, aimed at maintaining its Nasdaq listing. The consolidation reduced outstanding Class A shares from ~79.7M to ~3.4M and Class B shares from ~625K to ~20K. This is a routine capital structure adjustment with no change to shareholder percentage interests, following a prior 20-F showing a 28.3% revenue decline in 2025.
Actionable Insight
The reverse split is a technical measure to meet Nasdaq's minimum bid price requirement and does not alter fundamentals. Monitor upcoming quarterly filings for revenue and cash flow trends; the prior 20-F showed a 28.3% revenue decline, and the company remains under pressure. No immediate trading catalyst from this filing alone.
Key Facts
- 1-for-31 reverse share consolidation effective June 8, 2026, approved by shareholders on February 10, 2026 and board on March 31, 2026.
- Pre-consolidation: 79,685,696 Class A and 624,972 Class B shares outstanding; post-consolidation: ~3,449,475 Class A and 20,161 Class B shares.
- Objective stated as maintaining Nasdaq listing; no change in shareholder percentage interests except fractional share rounding.
- Amended and Restated Memorandum of Association filed as Exhibit 3.1, effective June 8, 2026.
- Prior 20-F (April 3, 2026) reported 2025 revenue of $11.37M, down 28.3% YoY, with ongoing losses and leadership changes.
Financial Impact
No new financial data; reverse split is a mechanical share count adjustment with no change to market cap or enterprise value.
Risk Factors
- Nasdaq delisting risk persists if the stock price fails to maintain compliance post-split.
- Continued revenue decline and losses per the 2025 20-F indicate fundamental business challenges.
- Low market cap ($3M) and micro-cap volatility increase risk of sharp price moves.
Market Snapshot
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001213900-26-066531 |
| Document: ea0294033-6k_zhongchao.htm | 0001213900-26-066531 |
| Document: ea029403301ex99-1.htm | 0001213900-26-066531 |
| Document: 0001213900-26-066531-index-headers.html | 0001213900-26-066531 |
| Document: 0001213900-26-066531-index.html | 0001213900-26-066531 |
| Document: 0001213900-26-066531.txt | 0001213900-26-066531 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 9, 2026
9d ago
|
6-K
| $0.7831 $0.6900 | ▲ +11.89% | ▲ +14.30% | $0.6270 (+19.93%) |
|
Jun 9, 2026
9d ago
|
6-K
| $0.7831 $0.6900 | ▼ −11.89% | ▼ −14.30% | $0.6270 (−19.93%) |
|
Jun 5, 2026
13d ago
|
6-K
| $0.0260 $0.6498 | ▼ −2399.23% | ▼ −2398.66% | $0.6270 (−2311.54%) |
|
Jun 1, 2026
17d ago
|
424B4
| $2.42 $0.8153 | ▲ +66.28% | ▲ +63.53% | $0.6270 (+74.07%) |
|
May 29, 2026
21d ago
|
EFFECT
| $5.18 $0.8153 | ▲ +84.25% | ▲ +81.73% | $0.6270 (+87.89%) |
|
May 22, 2026
27d ago
|
F-1/A
| $1.43 $0.0780 | ▲ +94.55% | ▲ +96.22% | $0.6270 (+56.15%) |
|
May 7, 2026
6w ago
|
F-1
| $2.13 $1.49 | ▲ +30.05% | ▲ +31.55% | $0.6270 (+70.56%) |
|
Apr 3, 2026
10w ago
|
20-F
| $1.72 $2.01 | ▼ −16.86% | ▼ −12.73% | $0.6270 (+63.55%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access