#United States #San Diego #Robbins LLP #Securities Class Action #iTonic Holdings

Call to Investors: Important Action Regarding iTonic Holdings Ltd.

If you invested in iTonic Holdings Ltd. (formerly known as Pheton Holdings Ltd.) between September 5, 2024 and July 29, 2025, you might be eligible to participate in a securities class action. Robbins LLP has filed a class action lawsuit on behalf of all individuals and entities that purchased or acquired securities during this specified period. The firm has raised concerns regarding market manipulation and fraudulent promotions that potentially misled investors about the company's actual business conditions.

Background of the Case

On January 13, 2026, it was announced that Pheton Holdings Ltd. would officially rebrand to iTonic Holdings Ltd., changing its ticker symbol to ITOC effective January 16. However, the focus now is on the serious allegations against the company. The lawsuit details a scheme characterized by pump-and-dump tactics using social media for misinformation, where individuals impersonated financial professionals to mislead investors.

According to the complaint, unforeseen market manipulation took place, leading investors into a cycle of buying frenzy based on false premises. Despite this, the company's public disclosures did not adequately inform investors about the risks involved, nor did they mention the ongoing market manipulation.

The allegations against iTonic Holdings include:
1. The presence of a scheme involving social media-based misinformation related to the company's securities.
2. Omission of risk disclosures that pointed out potential price volatility due to the alleged fraudulent activities.
3. Failure to disclose the involvement of significant parties with a history of operating fraudulent schemes.

What Went Wrong?

As the lawsuit continues, it details the drastic rise and fall of the company’s stock price. iTonic Holdings initially listed at $4.00 per share but skyrocketed to an astonishing high of $32.00 on July 28, 2025, following substantial yet unjustified price hikes. This spike was isolated from any meaningful corporate news or development, indicating possible manipulation practices.

After this artificial high, the stock price plummeted by 89% before the trading for the day halted, eventually ending at $1.65— a significant decrease from its previous market cap of $765 million. This collapse raised flags about the integrity of trading and the company’s accountability.

Who Should Contact Robbins LLP?

Investors who experienced significant losses in iTonic Holdings between the specified date range are encouraged to reach out to Robbins LLP before the deadline of September 28, 2026, to explore their rights and the possibility of serving as a lead plaintiff in this case. This is important since lead plaintiffs represent the interests of the entire group throughout the legal proceedings.

No Fees Necessary

Investors should note that participation comes without any upfront costs—Robbins LLP operates on a contingency fee basis. Meaning, legal fees and expenses are only paid if the lawsuit yields financial recovery.

Contact Information

For further details, investors can visit the Robbins LLP website or get in touch directly via email or phone at (800) 350-6003. It’s critical for investors to stay informed and take necessary actions to protect their rights.

About Robbins LLP: Recognized as a leader in shareholder rights litigation, Robbins LLP has successfully restored over $1 billion in value to shareholders. Their commitment lies in ensuring corporate accountability and safeguarding shareholder interests. If you want to stay updated on any developments regarding this class action or other corporate wrongdoings, be sure to sign up for alerts.

Legal Disclaimer: This announcement serves as advisory information. Past results cannot guarantee similar outcomes in future cases.