TCTM Kids IT Education Acquires Brain-Computer Interface Technology for $10.85 Million

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.