TCTM

Acquisition Announcement: TCTM Kids IT Education Inc. has entered into an agreement to acquire core algorithms and related systems for brain-computer interfaces from Jeethen International Co., Limited for $10.85 million, which will be paid through the issuance of 135,625,000 Class A ordinary shares.

Strategic Business Expansion: The chairman of TCTM stated that this acquisition is a key step in expanding into the AI-driven medical software industry, aiming for revenue growth and long-term value creation.

Share Purchase Agreement: TCTM Kids IT Education Inc. announced a share purchase agreement to sell 25 million Class A ordinary shares for $2 million, with each share priced at approximately $0.08, aimed at supporting expansion into the AI-driven medical software industry.

Company Overview: TCTM is a leading provider of IT-focused supplementary STEM education services in China, offering programs like computer coding and robotics for students aged three to eighteen, while emphasizing innovative educational methods.

Leadership Changes at TCTM: TCTM Kids IT Education Inc. has appointed Mr. Heng Wang as CEO, Mr. Xiaolan Tang as CFO, and Dr. Robert L. Angell as CTO, effective February 28, 2025, to enhance its focus on AI-driven technology in education.

Company Overview: TCTM is a prominent provider of IT-focused STEM education services in China, offering programs like computer coding and robotics for children aged three to eighteen, aimed at fostering logical thinking and interest in technology.

Management Changes at TCTM: TCTM Kids IT Education has appointed Heng Wang as CEO, Xiaolan Tang as CFO, and Robert Angell as CTO, effective February 28, to enhance its focus on AI-driven technology.

Heng Wang's Background: Prior to his new role, Heng Wang was a senior manager at Charles Schwab from October 2020 to March 2024.

Penny Stocks to Watch: Tarena International, Cyclerion Therapeutics, and Signing Day Sports are highlighted as penny stocks to monitor on February 4, 2025, based on their Dollar Volume and market activity, with Tarena facing volatility due to Nasdaq compliance issues, Cyclerion experiencing significant stock price gains, and Signing Day Sports showing mixed performance after recent announcements.

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U.S. Stock Market Performance: U.S. stocks rose this morning, with the Nasdaq Composite gaining over 150 points; Apple Inc. reported better-than-expected first-quarter results despite a decline in iPhone sales.

Market Movements and Economic Indicators: Energy shares fell by 1.4%, while communication services surged by 0.8%; U.S. personal income increased by 0.4% in December, and personal spending climbed by 0.7%.

Notification from Nasdaq: TCTM Kids IT Education Inc. received a notification from Nasdaq indicating that its American depositary shares have been below the minimum bid price of $1.00 for 30 consecutive business days, which puts it at risk of non-compliance with listing requirements. The company has a grace period until July 2, 2025, to regain compliance.

Company's Operations Unaffected: Despite the notification, TCTM's business operations remain unaffected, and the company plans to take necessary measures to meet compliance requirements within the specified timeframe.

Financial Update on Tarena International: TCTM Kids IT Education Inc. reported a decrease in total assets and current liabilities as of June 2024, alongside an increase in net revenues but significant operating losses, indicating financial challenges.

Company Overview: Tarena International operates in the education technology sector, focusing on providing IT education for children, with a current market cap of $7.34 million and a year-to-date price performance decline of 35.33%.

Zoomcar Holdings Performance: Zoomcar Holdings, Inc. saw a significant 142% increase in its shares to $3.46 during pre-market trading, attributed to a 43% year-on-year growth in bookings for November 2024, driven by heightened demand from the wedding season.

Market Movements: Several stocks experienced notable fluctuations in pre-market trading, with SciSparc Ltd. gaining 161% and Hour Loop, Inc. dropping 30.5%, reflecting a volatile market environment following previous gains.

Domino's Pizza Stock Surge: Shares of Domino’s Pizza rose 7.8% in pre-market trading after Berkshire Hathaway disclosed a new stake of over 1.2 million shares in the company.

Market Movements: Several stocks experienced significant changes, with The Arena Group Holdings gaining 233.3% following its first profitable quarter, while TFF Pharmaceuticals saw a drastic decline of 69.7% as it announced plans to wind down operations.

• ShiftPixy, Inc. rose 41.1%
• Nauticus Robotics, Inc. surged 27.2%
• Northann Corp. gained 26.3%
• Blue World Acquisition Corporation increased by 26.3%
• KWESST Micro Systems Inc. jumped 16.5%
• Moving iMage Technologies, Inc. rose 15.6%
• Cyngn Inc. gained 15.6%
• TROOPS Inc climbed 13.7%
• Kaixin Holdings rose 11.5%

• Target Hospitality Corp. declined by 30.3%
• Hoth Therapeutics, Inc. fell by 23%
• TCTM Kids IT Education Inc dipped by 20.1%
• New Horizon Aircraft Ltd. dropped by 19%
• Nutex Health Inc fell by 17.3%
• T Stamp Inc declined by 17.1%
• Contango Ore, Inc. saw a 16.4% decrease
• Yext, Inc. declined by 15.7%
• ProKidney Corp. fell by 15.5%
• ZIM Integrated Shipping Services Ltd. decreased by 10.9%

Biggest Pre-Market Stock Movers:

• Nauticus Robotics (NASDAQ:KITT) stock surging over 51%.
• Blue World Acquisition (NASDAQ:BWAQ) shares soaring more than 35%.
• Baijiayun (NASDAQ:RTC) stock surging over 33%.
• ShiftPixy (NASDAQ:PIXY) shares increasing by 31%.
• QuantaSing (NASDAQ:QSG) stock rising more than 24%.

Top Losers:

• Target Hospitality (NASDAQ:TH) stock plummeting over 27%.
• TCTM Kids IT Education (NASDAQ:TCTM) shares crashing by 20%.
• CoreCivic (NYSE:CXW) stock diving almost 19%.
• Contango Ore (NYSEMKT:CTGO) shares tumbling more than 18%.
• Big Tree Cloud (NASDAQ:DSY) stock taking an over 18% beating.

Gainers and Losers:

• LQR House, Nuzee, Davis Commodities, Dingdong ADR, and Bon Natural Life are top gainers.
• Edible Garden AG, Yatsen Holding ADR, Shineco, Blue Star Foods, and Arcadia Biosciences are among the biggest losers.

S&P 500 Consumer Staples Sector:

• The sector experienced a slight decrease.
• Food, Beverage & Tobacco segment saw a small increase.
• Household & Personal Products faced a decrease.

More on Consumer Staples:

• XLP is not in the spotlight due to market uncertainty.
• Walmart is the least shorted S&P 500 consumer staple stock.
• 10 out of 12 S&P 500 consumer staples stocks beat earnings.