Pheton Holdings shares surge 26.03% after-hours after completing 51% stake acquisition in U.S. home health AI company iTonic.

Pheton Holdings surged 26.03% in after-hours trading following the announcement of its completed acquisition of a 51% stake in 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. footprint and integrates iTonic’s AI-driven home health platform, aligning with the company’s strategy to enhance healthcare technology solutions and patient outcomes. Management emphasized the transaction as a transformative step into the rapidly growing home health market, positioning Pheton to leverage AI and automation for continuity of care. The news, first disclosed in a Form 6-K filing on August 29, 2025, was reiterated in multiple press releases on December 5, 2025, confirming the strategic and operational rationale behind the move.