- On **August 29, 2025**, Pheton Holdings Ltd (PTHL) entered into a Stock Purchase Agreement to acquire **30%** of the outstanding shares of Geri-Safe, Ltd..  **[1970544_0001213900-25-082681_ea0255280-6k_pheton.htm:1]** 
- As consideration for the acquisition, Pheton Holdings Ltd will issue **4,000,000** newly issued Class A ordinary shares.  **[1970544_0001213900-25-082681_ea0255280-6k_pheton.htm:1]** 
- Geri-Safe, Ltd. specializes in advanced medical device technologies, holding **FDA 510(k) Class I clearance** from **2019** and a patent portfolio.  **[1970544_0001213900-25-082681_ea0255280-6k_pheton.htm:1]**

Pheton Holdings Ltd to acquire 30% stake in Geri-Safe, Ltd.

- Pheton Holdings Ltd (the "Company") entered into a Stock Purchase Agreement on **August 27, 2025**, to acquire **51%** of the total outstanding shares of iTonic Corporation.  **[1970544_0001213900-25-082559_ea0255273-6k_pheton.htm:1]** 
- As consideration for the acquisition, the Company agreed to issue **4,000,000** newly issued Class A ordinary shares and warrants to purchase up to **3,000,000** Class A ordinary shares.  **[1970544_0001213900-25-082559_ea0255273-6k_pheton.htm:1]** 
- iTonic Corporation develops and provides a home health platform with integrated and automated components, including medication dispensing, supply chain management, virtual care, and patient monitoring.  **[1970544_0001213900-25-082559_ea0255273-6k_pheton.htm:1]** 
- The Consideration Shares and Warrants are subject to milestone-based release and exercisability, tied to iTonic's sales volume and sales revenue, with milestones measured quarterly beginning **January 1, 2026**.  **[1970544_0001213900-25-082559_ea0255273-6k_pheton.htm:1]**

Pheton Holdings (PTHL)