Zhongchao Inc. (ZCMD) Form 6-K — Sep 21, 2026
Zhongchao Inc. shareholders overwhelmingly approved a special resolution reducing and reorganizing the company's authorized share capital, with 209,228,566 votes for versus 61,790 against and 79 abstentions. The reorganization cuts the par value of Class A and Class B ordinary shares from US$1.488 each to US$0.00001 each and lowers authorized share capital from US$10 billion to US$67,204.30. The reduction cancels US$1.48799 of paid-up capital on each issued and outstanding share, with the resulting credit transferred to a distributable reserve account the board may use, among other things, to eliminate or set off accumulated losses.
Key figures
- Votes For
- 209228566
- Votes Against
- 61790
- Votes Abstained
- 79
- New Par Value Per Share Usd
- 0.00001
- Prior Par Value Per Share Usd
- 1.488
- Unissued Share Subdivision Ratio
- 1:148,800
- Prior Authorized Share Capital Usd
- 10000000000
- Paid Up Capital Cancelled Per Share Usd
- 1.48799
AI analysis
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