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The latest update is out from Pheton Holdings Ltd. Class A ( (PTHL) ).
Pheton Holdings Ltd announced the completion of its acquisition of a 51% stake in iTonic Corporation on November 25, 2025. The acquisition was finalized following an amendment to the Stock Purchase Agreement, which included the issuance of warrants and earn-out shares tied to performance milestones to be achieved by iTonic Corporation from 2026 to 2028. This strategic move is expected to enhance Pheton Holdings’ market positioning and operational capabilities, although it carries risks related to the achievement of performance milestones and market conditions.
More about Pheton Holdings Ltd. Class A
Pheton Holdings Ltd is a company based in Beijing, China, involved in strategic acquisitions and investments, with a focus on expanding its market presence through acquiring significant stakes in other companies.
Average Trading Volume: 127,312
Technical Sentiment Signal: Sell
Current Market Cap: $8.22M
For detailed information about PTHL stock, go to TipRanks’ Stock Analysis page.