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TuanChe ( (TC) ) just unveiled an update.
Token Cat Limited, a company based in Beijing, China, recently completed a significant private placement transaction. On June 27, 2025, the company successfully closed an offering of 7,357,500,000 Class A ordinary shares to non-U.S. purchasers, raising approximately $23 million. The proceeds are intended to support the launch of a new multi-channel platform and general corporate purposes. Following this transaction, the company now has over 8 billion ordinary shares issued and outstanding.
Spark’s Take on TC Stock
According to Spark, TipRanks’ AI Analyst, TC is a Underperform.
TuanChe faces significant financial challenges with declining revenues and high leverage, leading to financial instability. The technical analysis shows a bearish trend, while the valuation indicates unattractiveness due to consistent losses. Overall, the stock is rated low due to financial distress and bearish technical indicators.
To see Spark’s full report on TC stock, click here.
More about TuanChe
Average Trading Volume: 259,480
Technical Sentiment Signal: Sell
Current Market Cap: $2.47M
See more insights into TC stock on TipRanks’ Stock Analysis page.