iTonic Holdings shareholders approved a share consolidation scheduled to take effect on October 6, 2026, after holders representing 92.12% of voting shares participated in the meeting. The resolution moves the company to its amended articles of association, which set out its share classes, Capital Structure and governance provisions.

Key Highlights

  • Shareholders representing 107,830,666 voting shares participated in the meeting.
  • ITonic Holdings’ Share Capital is set at USD800,000.
  • The amended structure includes 400,000,000 Class A ordinary shares and 100,000,000 Class B ordinary shares.

ITonic Holdings Ltd (NASDAQ: ITOC) will implement an approved share consolidation on October 6, 2026, following an extraordinary Shareholder meeting held on September 9. Holders representing 107,830,666 shares, or approximately 92.12% of the voting shares entitled to participate, were present through virtual attendance or represented by proxy.

Shareholder Approval and Capital Structure

The meeting was conducted online through Zoom, with shareholders of record as of August 19 eligible to vote. The attendance threshold constituted a quorum, and shareholders approved the resolutions presented in the meeting notice. The approved share consolidation is subject to iTonic Holdings submitting the relevant event notification to Nasdaq. That capital is divided into 400,000,000 Class A ordinary shares and 100,000,000 Class B ordinary shares, each carrying a Par Value of USD0.0016.

Amended Articles Take Effect October 6

The articles provide for a 1:1 conversion rate when Class B Shares are converted into Class A Shares, subject to the stated adjustment provisions. The documents also give iTonic Holdings authority to redeem or repurchase shares, increase or reduce capital, and issue shares with specified rights or restrictions.