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Meten Holding Group Ltd. (NASDAQ: METX) has announced updates on integrating ChatGPT into its upcoming Web 3 education platform. This platform will feature personalized training programs tailored to students' needs, interactive learning experiences through various media, real-time feedback, and high-quality resource sharing. Expected to launch by the end of 2023, the platform will initially focus on English language training and later expand to other subjects, including blockchain education. Meten aims to offer customizable services for educational institutions, leveraging its experience in the blockchain sector.
Meten Holding Group Ltd. (NASDAQ: METX) announced plans to incorporate ChatGPT into its developing Web 3 education platform. The integration aims to enhance personalized education, allowing for efficient content creation and tailored teaching methods. ChatGPT will facilitate high-level tasks such as information mining and course evaluations, promoting interaction between digital content and traditional education. The company anticipates that this technology will help control operational costs and increase customer loyalty, thereby fostering an innovative education model.
Meten Holding Group Ltd. (Nasdaq: METX) received a Notification Letter from Nasdaq on September 16, 2022, regarding non-compliance with the minimum bid price requirement of $1.00 per share, as it fell below this threshold for 30 consecutive business days. The Company has until March 15, 2023, to regain compliance. Although the business remains operational, Meten may consider share consolidation as a strategy to meet the requirement. This notification could impact the Company’s stock listing status if not addressed, yet it does not currently affect business operations.
Meten Holding Group Ltd. (METX), a China-based training company, has successfully closed a $7.5 million registered direct offering and private placement with institutional investors. The company issued 1,260,000 ordinary shares and pre-funded warrants for a price of $0.70 per share. Additionally, units were sold allowing the purchase of up to 21,428,572 ordinary shares with the same exercise price. Aegis Capital Corp. served as the placement agent. The transactions, authorized under SEC regulations, will help support Meten’s ventures in language training, blockchain, and cryptocurrency mining.
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