tiprankstipranks
Trending News
More News >

Token Cat Limited Completes $23 Million Private Placement

Story Highlights
Token Cat Limited Completes $23 Million Private Placement

Don’t Miss TipRanks’ Half-Year Sale

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.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1