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BEIJING - TIAN RUIXIANG Holdings Ltd. (NASDAQ:TIRX) announced Wednesday it has entered into a definitive agreement to acquire REN Talents Inc., a creative brand agency with offices in New York, Shanghai and Paris. The move comes as TIRX, with a current market capitalization of just $10.27 million, seeks new growth opportunities amid significant stock volatility.
Under the terms of the agreement, TIRX will issue 3,211,010 Class A ordinary shares at $2.18 per share, valuing the transaction at approximately $7 million. The acquisition is expected to close on November 5, 2025. Notably, the acquisition share price of $2.18 represents a significant premium to TIRX's current trading price of $1.02, according to InvestingPro data.
REN Talents, founded in 2021, specializes in fashion, beauty, lifestyle and entertainment sectors. The agency provides brand strategy, marketing activation and content development services to clients including ANTA, PEAK, Xiaomi, OPPO and Miniso. The company also manages talent such as actress Maggie Q.
Baohai Xu, Chairman and CEO of TIRX, stated the acquisition represents part of the company's strategy to diversify beyond its core insurance business and expand into U.S. and European markets. This diversification effort comes as TIRX faces financial challenges, with InvestingPro data showing the stock has fallen by 82.26% over the past year and carries a "WEAK" overall financial health rating.
TIRX, headquartered in Beijing, currently operates as an insurance broker in China, distributing property and casualty insurance, health insurance, and life insurance products.
The acquisition would give TIRX access to new markets through REN Talents' offices in major global cities, according to the company's press release statement.
This information is based on a company press release.
In other recent news, Tian Ruixiang Holdings Ltd has announced a registered direct offering aimed at raising approximately $3 million. The company has entered into a securities purchase agreement with institutional investors to sell 2,000,000 Class A ordinary shares. Additionally, the offering includes warrants to purchase up to 4,000,000 more Class A ordinary shares. The combined purchase price for the shares and accompanying warrants is set at $1.50 each. This development is expected to generate gross proceeds of $3 million before fees and other expenses are deducted. The move is part of Tian Ruixiang's strategy to secure additional capital. These recent developments highlight the company's efforts to engage with institutional investors.
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