BTC Digital Enters MOU with Tianci International
Strategic Partnership: BTC Digital (BTCT) has entered into a memorandum of understanding with Tianci International (CIIT) to collaborate on various initiatives including cryptocurrency mining and blockchain technology services.
Investment and Support: CIIT plans to invest approximately $5.0M in cryptocurrency mining equipment, with BTCT providing hosting, operations, and maintenance, while both companies will explore stablecoin payment solutions and real-world asset pathways.
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Tianci International to Implement 1-for-7 Reverse Stock Split
- Reverse Stock Split Plan: Tianci International will implement a 1-for-7 reverse stock split effective March 20, 2026, aimed at increasing the bid price of its common stock to regain compliance with Nasdaq's minimum bid price requirement, thereby maintaining its listing status.
- Impact on Shares: This reverse stock split will reduce the number of outstanding shares from 25 million to 3.62 million, while the number of authorized shares will remain unchanged, ensuring the company retains flexibility for future financing.
- Market Reaction: Following the announcement of the reverse stock split, Tianci International's stock price fell by 14.57% in premarket trading to $0.275, indicating market concerns about the effectiveness of this measure and its potential impact on investor confidence.
- Compliance Strategy: By executing the reverse stock split, Tianci International aims to meet Nasdaq's compliance requirements through an increased stock price, a strategic move that not only seeks to maintain its listing but may also pave the way for future capital operations.
Tianci International Reports Q2 2026 Financial Results
- Significant Revenue Growth: Tianci International reported an 87% year-over-year revenue increase in Q2 2026, with logistics revenue rising by 22% and initial mineral sales contributing $1,315,855, indicating a proactive approach to business diversification.
- Widening Net Loss: The company's net loss reached $417,124 as of January 31, 2026, a 276% increase from the previous year, primarily due to a surge in general and administrative expenses from $1,999,225 to $3,794,374, highlighting challenges in cost management.
- Declining Gross Margin: Despite logistics operations accounting for 65% of total revenue, a 26% rise in costs led to a decrease in gross profit margin from 3.6% to 3.5%, reflecting the adverse impact of weakened market demand on profitability.
- Strategic Shift Plans: In response to declining demand in Southeast Asia, the company aims to pivot towards higher-margin long-distance shipping and has begun selling chrome and manganese ore in the global commodity market, generating $1,821,320 in revenue with a gross margin of 12%.
Avidity Biosciences Stock Rises Approximately 42%; Check Out 20 Stocks Making Moves in Premarket Trading
Avidity Biosciences Acquisition: Avidity Biosciences Inc. shares surged after Novartis AG announced its acquisition of the company for $72.00 per share, a 46% premium over Avidity's closing price on October 24.
Pre-Market Trading Highlights: Several stocks saw significant gains in pre-market trading, including Click Holdings Limited (+173%), Treasure Global Inc (+52.4%), and Banco BBVA Argentina SA (+31.3%).
Notable Stock Declines: Picard Medical, Inc. experienced a sharp decline of 65.3%, while Genenta Science SPA and Wellgistics Health Inc. also saw significant drops of 32.3% and 31.5%, respectively.
Market Overview: The article provides a snapshot of various stocks' performances in pre-market trading, highlighting both gainers and losers, along with their respective percentage changes.
Tianci International to Implement 1-for-7 Reverse Stock Split
- Reverse Stock Split Plan: Tianci International will implement a 1-for-7 reverse stock split effective March 20, 2026, aimed at increasing the bid price of its common stock to regain compliance with Nasdaq's minimum bid price requirement, thereby maintaining its listing status.
- Impact on Shares: This reverse stock split will reduce the number of outstanding shares from 25 million to 3.62 million, while the number of authorized shares will remain unchanged, ensuring the company retains flexibility for future financing.
- Market Reaction: Following the announcement of the reverse stock split, Tianci International's stock price fell by 14.57% in premarket trading to $0.275, indicating market concerns about the effectiveness of this measure and its potential impact on investor confidence.
- Compliance Strategy: By executing the reverse stock split, Tianci International aims to meet Nasdaq's compliance requirements through an increased stock price, a strategic move that not only seeks to maintain its listing but may also pave the way for future capital operations.
Tianci International Reports Q2 2026 Financial Results
- Significant Revenue Growth: Tianci International reported an 87% year-over-year revenue increase in Q2 2026, with logistics revenue rising by 22% and initial mineral sales contributing $1,315,855, indicating a proactive approach to business diversification.
- Widening Net Loss: The company's net loss reached $417,124 as of January 31, 2026, a 276% increase from the previous year, primarily due to a surge in general and administrative expenses from $1,999,225 to $3,794,374, highlighting challenges in cost management.
- Declining Gross Margin: Despite logistics operations accounting for 65% of total revenue, a 26% rise in costs led to a decrease in gross profit margin from 3.6% to 3.5%, reflecting the adverse impact of weakened market demand on profitability.
- Strategic Shift Plans: In response to declining demand in Southeast Asia, the company aims to pivot towards higher-margin long-distance shipping and has begun selling chrome and manganese ore in the global commodity market, generating $1,821,320 in revenue with a gross margin of 12%.
Avidity Biosciences Stock Rises Approximately 42%; Check Out 20 Stocks Making Moves in Premarket Trading
Avidity Biosciences Acquisition: Avidity Biosciences Inc. shares surged after Novartis AG announced its acquisition of the company for $72.00 per share, a 46% premium over Avidity's closing price on October 24.
Pre-Market Trading Highlights: Several stocks saw significant gains in pre-market trading, including Click Holdings Limited (+173%), Treasure Global Inc (+52.4%), and Banco BBVA Argentina SA (+31.3%).
Notable Stock Declines: Picard Medical, Inc. experienced a sharp decline of 65.3%, while Genenta Science SPA and Wellgistics Health Inc. also saw significant drops of 32.3% and 31.5%, respectively.
Market Overview: The article provides a snapshot of various stocks' performances in pre-market trading, highlighting both gainers and losers, along with their respective percentage changes.
