# ZCMD Announces 1-for-3 Reverse Stock Split Effective June 29, 2026 Zhongchao Inc. (NASDAQ: ZCMD) has announced a 1-for-3 reverse stock split, which became effective on June 29, 2026. The move is intended to increase the company's per-share trading price by reducing the number of outstanding shares. What is Changing? • Reverse Stock Split Ratio: 1-for-3 • Effective Date: June 29, 2026 • Company: Zhongchao Inc. (NASDAQ: ZCMD) Under the reverse stock split, every three existing ordinary shares will automatically be combined into one new ordinary share. Shareholders are not required to take any action, and fractional shares will be handled in accordance with the company's announced terms. Why Companies Implement Reverse Stock Splits Companies typically execute reverse stock splits to: • Increase the market price of their shares. • Maintain compliance with Nasdaq's minimum bid price requirements. • Improve the stock's appeal to institutional investors. • Reduce the total number of shares outstanding. A reverse stock split changes the number of shares outstanding but does not, by itself, change the company's overall market capitalization or the value of an investor's holdings (excluding any treatment of fractional shares). Investor Takeaway The 1-for-3 reverse stock split is primarily a structural change designed to raise ZCMD's share price. Investors should monitor the company's future financial performance, business developments, and Nasdaq listing compliance, as the reverse split alone does not improve the company's underlying fundamentals. Ticker: #ZCMD Sector: Healthcare Industry: Healthcare Information Services