Welcome to our dedicated page for TCTM Kids IT Education news (Ticker: TCTM), a resource for investors and traders seeking the latest updates and insights on TCTM Kids IT Education stock.
The news feed for TCTM Kids IT Education Inc. (historically trading on Nasdaq under the symbol TCTM) brings together company announcements that trace its evolution from an IT-focused supplementary STEM education provider in China to a business that has reported expansion into AI and brain machine interaction technologies. Company press releases describe its education platform, which combines live distance instruction, classroom-based tutoring and online learning modules for students between three and eighteen years of age, alongside more recent disclosures about AI-driven initiatives.
Readers can find news about corporate name changes and ticker symbol updates, including the transition from Tarena International, Inc. to TCTM Kids IT Education Inc., and later the reported change of name to VisionSys AI Inc. with trading under the symbol VSA. These items provide context on how the company presents its identity and focus to the market.
The news stream also includes announcements on annual report filings on Form 20-F, which signal key regulatory reporting milestones, as well as updates on Nasdaq listing compliance, such as notifications related to the minimum bid price requirement. In addition, there are releases covering a private placement of Class A ordinary shares and an intangible asset purchase agreement for core algorithms and related software and hardware systems for brain-computer interfaces, which the company links to its strategy of expanding into AI-driven medical software.
Together, these news items offer a record of TCTM’s stated activities in IT-focused STEM education, its leadership changes connected to AI-driven technology ambitions, and its subsequent description as VisionSys AI Inc., an emerging technology services company specializing in brain machine interaction businesses.
TCTM Kids IT Education (NASDAQ: VSA) has announced its official name change to VisionSys AI Inc, reflecting its focus on brain machine interaction technologies. The name change, approved by the Registry of Companies, Cayman Islands on September 10, 2025, will become effective on Nasdaq on September 19, 2025.
The company will maintain its trading symbol "VSA" on the Nasdaq Capital Market, and the CUSIP number will remain unchanged.
TCTM Kids IT Education (NASDAQ: VSA), a leading Chinese IT-focused STEM education provider, has announced the filing of its 2024 annual report on Form 20-F with the SEC on May 15, 2025. The report, covering the fiscal year ended December 31, 2024, is accessible through the company's investor relations website at tctm.cn and the SEC website. TCTM will provide hard copies of the annual report at no cost to shareholders and ADS holders upon request through their Investor Relations Department.
TCTM Kids IT Education Inc. (NASDAQ: TCTM), a leading Chinese IT-focused STEM education provider, has announced a private placement of 25,000,000 Class A ordinary shares for a total of US$2.0 million. The shares are priced at US$0.08 each, matching the ADS closing price on March 31, 2025.
The transaction, expected to close by April 7, 2025, includes a 180-day lock-up period for investors. The company plans to use the proceeds to expand into the AI-driven medical software industry. The private placement is exempt from registration under the Securities Act through Section 4(a)(2) and complies with Regulation D and/or Regulation S.
TCTM Kids IT Education (NASDAQ: TCTM) has announced entering into an intangible asset purchase agreement with Jeethen International on April 1, 2025. The company will acquire core algorithms and related software/hardware systems for brain-computer interfaces, valued at $10.85 million.
As consideration, TCTM will issue 135,625,000 Class A ordinary shares to Jeethen, priced at approximately $0.08 per share, based on the March 31, 2025 closing ADS price. Each ADS represents five Class A ordinary shares.
The transaction marks TCTM's strategic expansion into the AI-driven medical software industry. The company expects this acquisition to generate meaningful revenue growth and improved profit margins. The closing is subject to customary conditions and is expected by April 7, 2025.
TCTM Kids IT Education (NASDAQ: TCTM) has announced key leadership changes effective February 28, 2025, as part of its strategic expansion into the AI-driven technology sector. The company appointed Mr. Heng Wang as CEO, bringing over 30 years of financial industry experience, particularly in financial technologies and IT strategy. Wang previously held positions at Charles Schwab and TD Ameritrade.
Additionally, Dr. Robert L. Angell joins as CTO, bringing expertise in healthcare AI, predictive analytics, and data science. Dr. Angell's background includes founding roles at EmbraceNFT.io, Applied Quantum Solutions, and Applied Data Sciences. The company also announced the re-designation of Mr. Xiaolan Tang as CFO.
TCTM Kids IT Education (NASDAQ: TCTM) has received a notification from Nasdaq on January 3, 2025, indicating non-compliance with the minimum bid price requirement. The company's American depositary shares (ADSs) have traded below the required $1.00 per share for 30 consecutive business days.
The notification doesn't immediately affect TCTM's listing status. The company has a 180-day grace period until July 2, 2025, to regain compliance by maintaining a closing bid price of $1.00 or higher for at least ten consecutive business days. If unsuccessful, TCTM may be eligible for an additional 180-day compliance period, provided it meets other listing requirements. The company may consider a reverse stock split to address the issue.
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