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Pheton Holdings Ltd. Class A ( (PTHL) ) just unveiled an announcement.
Pheton Holdings Ltd., a Cayman Islands-incorporated company listed on Nasdaq, held its 2025 Annual General Meeting (AGM) in Shenzhen, China, on December 19, 2025 (Beijing time). The release does not describe the company’s industry, products, or services.
At the AGM, shareholders approved the re-election of directors Jianfei Zhang and Pengfei Zhang and three independent directors, ratified the auditor’s report for the financial year ending December 31, 2024, and backed a strategic rebranding by changing the company’s name to iTonic Holdings Ltd. along with a new Nasdaq ticker to replace PTHL. Investors also authorized the board to implement one or more share consolidations within two years, with a cumulative ratio of up to 1-for-4,000, and conditionally approved corresponding amendments to the memorandum and articles of association to give effect to the name change and any future consolidations, signaling flexibility for potential capital structure adjustments and continued Nasdaq compliance efforts.
More about Pheton Holdings Ltd. Class A
Average Trading Volume: 110,308
Technical Sentiment Signal: Sell
Current Market Cap: $7.08M
For detailed information about PTHL stock, go to TipRanks’ Stock Analysis page.