Zhongchao (ZC) Prices $5 Million Public Offering of Shares and Warrants, Stock Declines

Zhongchao Inc. (NASDAQ: ZC) priced a public offering of its shares and accompanying warrants on June 1, 2026, expecting to raise approximately $5 million in gross proceeds before fees. The announcement sent the company’s stock lower in intraday trading. The healthcare services company said it intends to use the net proceeds for working capital and general corporate purposes. Terms of the offering, including the number of shares and the exercise price of the warrants, were not immediately disclosed. The offering is a follow-on to Zhongchao’s recent expansion into cancer patient education and management services. Shares of the Shanghai-based firm, which went public in 2020, have traded in a volatile range amid tightening regulations on Chinese healthcare advertising.