Token Cat Limited Regains Nasdaq Compliance with $23 Million Offering

TuanChe ( (TC) ) has provided an update.

Token Cat Limited, a company listed on Nasdaq, faced a compliance issue due to a stockholders’ equity deficit, which was below the required $2,500,000 as of January 2025. To address this, the company entered into a securities purchase agreement in February 2025, raising approximately $23 million through the sale of Class A ordinary shares. By June 27, 2025, the offering was completed, and the company believes it has regained compliance with Nasdaq’s equity requirements. However, ongoing compliance will be monitored, and failure to meet standards could result in delisting.

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: 263,340

Technical Sentiment Signal: Sell

Current Market Cap: $2.38M

Find detailed analytics on TC stock on TipRanks’ Stock Analysis page.