Pheton Holdings shares surge 10.12% after-hours following 51% acquisition of U.S. home health AI firm iTonic.

Pheton Holdings surged 10.12% in after-hours trading following the announcement of its completed acquisition of 51% of U.S.-based home health AI company iTonic Corporation. The deal, closed on November 25, 2025, involved issuing 4 million Class A shares and 3 million warrants exercisable at $3.10, contingent on performance milestones. The acquisition expands Pheton’s U.S. presence with iTonic’s AI-driven home health platform, aiming to enhance care continuity and patient outcomes. Management emphasized the strategic alignment with Pheton’s healthcare technology goals and the potential for long-term shareholder value creation, citing the U.S. home health market’s growth potential. The transaction, first disclosed in August, was framed as a transformative step into a high-demand sector, likely driving investor optimism amid the stock’s post-market rally.