A securities class action lawsuit targets Pengfei Zhang, director of iTonic Holdings Ltd, alleging he helped oversee disclosures that omitted risks of stock manipulation. This omission allegedly led to a 95% drop in iTonic's share price in one day in July 2025. The lawsuit claims Zhang had control over company disclosures and failed to warn investors about a coordinated scheme involving false acquisition rumors. Investors who bought iTonic shares between September 2024 and July 2025 may seek to recover losses by September 29, 2026.
iTonic Holdings Ltd's share price fell 95% in one day in July 2025, a key figure in the ongoing securities class action lawsuit. For readers following the Technology sector, here is Pluang's market snapshot as of Sep 23, 2026 19:52 WIB: of 150 priced US Technology stocks, 71 rose and 72 fell. Notable movers include QUBT at USD 9.58 (+5.51%), RGTI at USD 17.39 (+5.27%), and APP at USD 318.00 (-3.26%).
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