TCTM Kids IT Education Acquires Brain-Computer Interface Technology for $10.85 Million
ByAinvest
Monday, Apr 7, 2025 5:49 am ET1min read
VSA--
TCTM Kids IT Education Inc. has entered into an intangible asset purchase agreement with Jeethen International Co. for core algorithms and related software and hardware systems for brain-computer interfaces valued at $10.85 million. The company will issue 135.625 million Class A ordinary shares to Jeethen as consideration. The transaction is expected to take place no later than April 7, 2025, and is seen as a critical step in TCTM's business strategy to expand into the AI-driven medical software industry.
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