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Pheton Holdings Ltd. Class A ( (PTHL) ) has provided an announcement.
On August 27, 2025, Pheton Holdings Ltd announced a definitive agreement to acquire 51% of iTonic Corporation, a company specializing in home health platforms. This strategic acquisition involves issuing 4 million Class A ordinary shares and warrants for 3 million shares to iTonic’s shareholders, with performance-based lock-up agreements. This move is expected to bolster Pheton’s presence in the home health market by leveraging iTonic’s technology to expand patient care services.
More about Pheton Holdings Ltd. Class A
Pheton Holdings Ltd operates in the healthcare technology industry, focusing on acquiring and integrating platforms that enhance home health services. The company’s market focus includes providing solutions for medication dispensing, supply chain management, virtual care, and patient monitoring.
Average Trading Volume: 2,339,613
Technical Sentiment Signal: Strong Sell
For an in-depth examination of PTHL stock, go to TipRanks’ Overview page.