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Recent press releases and 8-K filings for PTHL.
Pheton Holdings Ltd Files Unaudited Interim Condensed Consolidated Financial Statements for H1 2025
PTHL
Earnings
New Projects/Investments
M&A
- Pheton Holdings Ltd reported a substantial increase in net loss to $(2,037,496) for the six months ended June 30, 2025, compared to $(285,132) for the same period in 2024, with revenues declining to $67,507 from $210,488.
- The company's cash and cash equivalents significantly decreased from $6,159,823 as of December 31, 2024, to $1,809,154 by June 30, 2025.
- On September 6, 2024, Pheton Holdings Ltd completed an initial public offering of 2,250,000 Class A ordinary shares at $4.00 per share, raising approximately $7.80 million in net proceeds.
- Subsequent to June 30, 2025, the company entered into agreements in August 2025 to acquire 51% of iTonic Corporation and 30% of Geri-Safe, Ltd., both to be paid for with newly issued Class A ordinary shares, and issued warrants for 4,000,000 Class A ordinary shares to Comane International Group Ltd for advisory services.
Dec 16, 2025, 5:58 PM
Pheton Holdings Ltd to Hold Annual General Meeting to Vote on Name Change and Share Consolidation
PTHL
Name Change
Board Change
Proxy Vote Outcomes
- Pheton Holdings Ltd will convene its Annual General Meeting on December 19, 2025, to address several key proposals.
- Among the proposals, shareholders will vote on changing the company's English name to "iTonic Holdings Ltd" and its Nasdaq ticker from "PTHL" to "ITOC", "ITON", or "ITOH".
- An additional proposal includes the consolidation of Class A Ordinary Shares, with an accumulative consolidation ratio not exceeding 1:4,000.
- The Board of Directors unanimously recommends a "FOR" vote on all proposals, which also include the re-election of directors and the approval of the auditors' report for the financial year ending December 31, 2024.
Nov 26, 2025, 1:32 PM
Pheton Holdings Ltd to acquire 30% stake in Geri-Safe, Ltd.
PTHL
M&A
New Projects/Investments
- 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..
- As consideration for the acquisition, Pheton Holdings Ltd will issue 4,000,000 newly issued Class A ordinary shares.
- Geri-Safe, Ltd. specializes in advanced medical device technologies, holding FDA 510(k) Class I clearance from 2019 and a patent portfolio.
Aug 29, 2025, 9:15 PM
Pheton Holdings Ltd to acquire majority stake in iTonic Corporation
PTHL
M&A
- 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.
- 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.
- 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.
- 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.
Aug 29, 2025, 8:05 PM
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