iTonic closes US$20 million private placement at US$0.2 per share

• iTonic completed an April 16, 2026 private placement of 100,000,000 Class A ordinary shares at US$ 0.20 each, raising about US$ 20 million in gross proceeds.
• Shares issued in the transaction are subject to a six-month lock-up from issuance.
• A prior March 2026 private placement agreement for the same number of shares at the same price was terminated by mutual agreement on April 15, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. iTonic Holdings Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-055768), on May 13, 2026, and is solely responsible for the information contained therein.