iTonic prices 100,000,000 Class A shares at USD 0.20 in private placement

Reuters03-25 04:01

iTonic prices 100,000,000 Class A shares at USD 0.20 in private placement

iTonic entered into a private placement subscription agreement with certain investors for 100,000,000 Class A ordinary shares priced at USD 0.20 per share.
The offering is expected to generate about USD 20.0 million in gross proceeds.
The private placement is expected to close in April 2026, subject to conditions in the subscription agreement.
Shares issued in the transaction will be subject to a six-month lock-up from the date of issuance.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. iTonic Holdings Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-033504), on March 24, 2026, and is solely responsible for the information contained therein.

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