ITOC, PTHL Investor Alert: iTonic Holdings Ltd (f/k/a Pheton Holdings Ltd) Securities Class Action Notice - Contact SueWallSt
SueWallSt, a brand of plaintiff firm Levi & Korsinsky, issued an investor alert for a securities class action against iTonic Holdings Ltd (f/k/a Pheton Holdings Ltd) (NASDAQ: ITOC, PTHL), with a lead plaintiff deadline of September 29, 2026. The class period runs from September 5, 2024 to July 29, 2025. The complaint recounts shares climbing from a $4.00 IPO price to a $32.00 intraday high before collapsing roughly 95% to near $1.65 on July 29, 2025 amid repeated NASDAQ volatility halts. The company previously acknowledged its share price had been influenced by false rumors of a Gilead Sciences acquisition, stating it had no contact with Gilead and that such reports were fabricated.
Key figures
- Revenue
- 628591
- Ipo price
- $4.00
- Ipo shares
- 2250000
- Class period
- September 5, 2024 to July 29, 2025
- Intraday high
- $32.00
- Per share decline
- $29.31
- Ipo gross proceeds
- $9,000,000
- Prior year revenue
- 679777
- Material weaknesses
- 2
- Post collapse close
- $1.65
- Single session decline
- ~95%
- Lead plaintiff deadline
- September 29, 2026
AI analysis
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