Zhongchao announces $5M registered direct offering at $1.10 per share

Zhongchao Inc. (NASDAQ: ZCMD) announced a registered direct offering of 4,545,455 Class A Ordinary Shares at $1.10 per share, with expected gross proceeds of approximately $5.0 million, according to a press release from the Shanghai-based company.

The offering, which also includes the option to purchase pre-funded warrants in lieu of shares, carries a par value of $0.744 per share. The exercise price for the pre-funded warrants is $0.001 per share, with the purchase price otherwise identical to that of the shares.

The transaction is expected to close on or about July 24, 2026, subject to customary closing conditions. Univest Securities, LLC is acting as the sole placement agent.

The offering is being made pursuant to a shelf registration statement on Form F-3 (File No. 333-279667), which became effective with the U.S. Securities and Exchange Commission on June 24, 2025.

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