iTonic Holdings shares fall 10.36% after-hours as company rebrands to Pheton Holdings and changes ticker to ITOC.

iTonic Holdings Ltd. (PTHL) fell 10.36% in after-hours trading following a Nasdaq notification that the company is deficient in maintaining a minimum bid price of $1.00 per share, a requirement for continued listing. This regulatory warning, disclosed in a GlobeNewswire announcement, raised concerns about potential delisting risks, triggering a sharp sell-off. While the firm also announced a corporate name change to Pheton Holdings and a share acquisition with iTonic Corporation, these developments were likely overshadowed by the bid price deficiency, which directly threatens the stock’s market viability. The decline suggests investors reacted negatively to the regulatory uncertainty, prioritizing the delisting risk over other corporate actions.