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Token Cat Limited Announces Announces Planned ADS Ratio Change
Globenewswire· 2025-08-27 15:00
Company Overview - Token Cat Limited, formerly known as TuanChe Limited, is a leading automotive marketplace in China, founded in 2010 [5] - The company connects automotive consumers with manufacturers, dealers, and service providers, offering comprehensive marketing and transaction services [5] - Token Cat utilizes an interactive many-to-many model to transform individual car purchases into large-scale group buying experiences [5] - The company is exploring entry into the cryptocurrency sector [5] ADS Ratio Change Announcement - Token Cat plans to change the ratio of its American depositary shares (ADSs) from 1 ADS representing 240 Class A ordinary shares to 1 ADS representing 4,800 Class A ordinary shares, effective on or about August 29, 2025 [1][2] - This change will effectively act as a one-for-twenty reverse ADS split for ADS holders [2] - The exchange of existing ADSs for new ADSs will occur automatically, with no action required from holders [2] Fractional ADSs and Trading - No fractional new ADSs will be issued; instead, fractional entitlements will be aggregated and sold, with net cash proceeds distributed to ADS holders [3] - There will be no change to the Company's Class A ordinary shares, and the ADSs will continue to trade on the Nasdaq Capital Market under the symbol "TC" [4] - The ADS price is expected to increase proportionally as a result of the ADS Ratio Change, although no assurance can be given regarding the price post-change [4]
CarGurus (CARG) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
ZACKS· 2025-08-08 00:30
For the quarter ended June 2025, CarGurus (CARG) reported revenue of $234.03 million, up 7% over the same period last year. EPS came in at $0.57, compared to $0.41 in the year-ago quarter.The reported revenue represents a surprise of +0.57% over the Zacks Consensus Estimate of $232.7 million. With the consensus EPS estimate being $0.54, the EPS surprise was +5.56%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectati ...
OPENLANE(KAR) - 2025 Q2 - Earnings Call Presentation
2025-08-06 12:30
Q2 2025 Earnings August 6, 2025 1 Q2 | 2025 Forward-Looking Statements Certain statements contained in this presentation include, and OPENLANE may make related oral, "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. In particular, statements made that are not historical facts (including but not limited to expectations, estimates, assumptions, projections and/or financial guidance) may be forward-looking statements. Words such as "should," "may," "will," ...
ACV to Report Second Quarter 2025 Financial Results on August 11, 2025
Globenewswire· 2025-07-21 20:05
Core Viewpoint - ACV, a leading digital automotive marketplace, is set to report its second quarter 2025 financial results on August 11, 2025, after market close [1]. Group 1: Financial Reporting - The company will host a conference call at 5:00 p.m. ET on the same day to discuss the financial results [1]. - Investors and analysts can participate in the call by dialing the provided numbers approximately 10 minutes prior to the start [2]. Group 2: Company Overview - ACV aims to transform the automotive industry by creating trusted and efficient digital marketplaces and data solutions for used vehicles [3]. - The company's offerings include ACV Auctions, ACV Transportation, ACV Capital, ACV MAX, True360, and ClearCar [3].
ACV to Report First Quarter 2025 Financial Results on May 7, 2025
Globenewswire· 2025-04-23 20:05
Core Viewpoint - ACV, a digital automotive marketplace, is set to report its first quarter 2025 financial results on May 7, 2025, after market close [1]. Group 1: Financial Reporting - The company will host a conference call at 5:00 p.m. ET on the same day to discuss the financial results [1]. - Investors and analysts can participate in the call by dialing the provided numbers approximately 10 minutes prior to the start [2]. Group 2: Company Overview - ACV aims to transform the automotive industry by providing a trusted and efficient digital marketplace along with data solutions for used vehicle management [3]. - The company's offerings include ACV Auctions, ACV Transportation, ACV Capital, ACV MAX, True360, and ClearCar [3].