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Zhongchao plunges 69.1% as $5M offering announced; volume surges to 1,522x average
- Healthcare services provider Zhongchao Inc. announced a $5 million public offering on May 29, 2026, coinciding with a sharp stock decline.
- The stock fell 69.07% to close at $0.167 as volume skyrocketed to 153.80 million shares, representing 1,522 times its 20-day average.
- The company priced 9,259,260 units at $0.54 per unit, with the SEC registration declared effective on May 28, 2026.
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Conclusion
ZCMD fell 69.07% to $0.167 on 153,804,356 volume (vs 101,047 20-day average) on May 29, 2026, hitting an intraday low of $0.0834. On the same date, Zhongchao announced pricing of a $5 million best efforts public offering comprising 9,259,260 units at $0.54 per unit, with SEC registration effective May 28, 2026.