Pheton Holdings shares surge 34.59% after-hours after completing 51% stake acquisition in U.S. home health AI firm iTonic.

Pheton Holdings surged 34.59% in after-hours trading following the announcement of completing its 51% acquisition of iTonic Corporation, a U.S. home-health AI company. The deal, closed on November 25, 2025, involved issuing 4,000,000 Class A shares and 3,000,000 warrants exercisable at $3.10, contingent on performance milestones. The acquisition expands Pheton’s U.S. footprint by integrating iTonic’s AI-driven home health platform into its portfolio, enhancing continuity of care and targeting medication adherence challenges. Management emphasized the strategic alignment with Pheton’s healthcare technology goals and the potential for long-term value creation. The news reinforced investor confidence in the company’s expansion into the rapidly growing home health market, driving the after-hours rally.