Latest news with #VSA
Yahoo
17-06-2025
- Business
- Yahoo
VSA Signs Letter of Intent to Acquire HopeAI, Accelerating Expansion into AI in Life Science
BEIJING, June 17, 2025 /PRNewswire/ -- TCTM Kids IT Education Inc. (Nasdaq: VSA) (the "Company" or "VSA") today announced that it has entered into a non-binding letter of intent ("LOI") to acquire HopeAI Inc. ("HopeAI"), a leading artificial intelligence company specializing in AI-powered clinical development. This strategic move is expected to significantly advance VSA's expansion into the AI biopharmaceutical sector and strengthen its presence in intelligent healthcare and technology innovation. Pursuant to the LOI, the Company agreed to acquire 100% of the equity interests of HopeAI in exchange for a certain amount of restricted Class A ordinary shares of VSA to be determined based on the valuation of HopeAI. As the transaction proceeds, the Company will publicly disclose required information either through press releases or SEC filings, as appropriate. Founded in 2023, HopeAI is an emerging enterprise dedicated to solving key challenges pharmaceutical companies face in clinical trials, including lengthy durations, large sample sizes, slow patient recruitment, and high costs. The company optimizes trial design and accelerates development timelines by integrating comprehensive and up-to-date clinical evidence with decades of statistical innovations. HopeAI's proprietary PURE Evidence, SynthIPD, and CARA Design platforms provide intelligent and efficient solutions across crucial trial stages such as protocol design, trial simulation, and patient cohort optimization. Its platform has successfully helped partner pharmaceutical companies reduce clinical timelines by up to 2.5 years, reduce Phase 3 trial sample sizes by up to 20%, save over 100 patient samples, and respond to FDA feedback within 24 hours—substantially improving drug development efficiency and regulatory communication speed. Henry Wang, CEO of VSA, stated, "HopeAI is highly aligned with our vision for technological innovation and industry development. This acquisition will create a powerful competitive advantage for VSA in the AI space and holds deep strategic significance." In 2024 alone, pharmaceutical companies spent over $200 billion on clinical development, with average clinical development taking 9 years. HopeAI's AI-driven platform is poised to dramatically shorten trial duration, reduce costs, and accelerate time-to-market for new drugs, helping to drive innovation across the life sciences sector. Will Ma, CEO of HopeAI commented, "the signing of this letter of intent marks a major milestone in HopeAI's journey. It represents a pivotal step toward accelerating our growth and expanding our market share in the AI pharmaceutical industry. Our mission is to bring hope to patients by accelerating the development of life-saving treatments through AI." Completion of the transaction contemplated by the LOI is subject to due diligence investigations by the relevant parties, the negotiation and execution of a definitive share purchase agreement, satisfaction of the conditions negotiated therein including the approval of the Company's Board of Directors and shareholders, satisfaction of Nasdaq listing requirements, and the satisfaction of other customary closing conditions. There can be no assurance that a definitive agreement will be entered into or that the proposed transaction will be consummated. Further, readers are cautioned that those portions of the LOI that describe the proposed transaction, including the consideration to be issued therein, are non-binding. About HopeAI Since its founding in 2023, HopeAI—under the leadership of Founder & CEO Will Ma—has assembled a world-class research team, including world-renowned experts in clinical trial design, a former AI researcher from NVIDIA, and the former biostatistics director from the US FDA. As a Mayo Clinic Platform_Accelerate company, HopeAI has access to their state-of-the-art real-world data platform to support clinical development. HopeAI has established commercial partnership with two of top 10 pharma companies, and several innovative biotech companies. HopeAI is also the first company of its kind to achieve commercial validation in the AI drug development space. About VSA VSA is an emerging technology services company , specializing in biomedical applications, research & development, and online education. We are dedicated to advancing AI-powered healthcare and biotech solutions that transform industries. Our mission is to empower individuals and organizations through intelligent systems, bridging innovation with real-world impact to create a smarter, more connected future. Forward-Looking Statements Certain statements made herein are "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "anticipate", "believe", "expect", "estimate", "plan", "outlook", and "project" and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Such forward-looking statements include timing of the proposed transaction; the business plans, objectives, expectations and intentions of the parties once the transaction is complete, and VSA's estimated and future results of operations, business strategies, competitive position, industry environment and potential growth opportunities. These forward-looking statements reflect the current analysis of existing information and are subject to various risks and uncertainties. As a result, caution must be exercised in relying on forward-looking statements. Due to known and unknown risks, our actual results may differ materially from our expectations or projections. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements. The following factors, among others, could cause actual results to differ materially from those described in these forward-looking statements: the occurrence of any event, change or other circumstances that could give rise to the terms of the LOI not hereafter being memorialized in a definitive agreement; the outcome of any legal proceedings that have been, or will be, instituted against VSA or other parties to the LOI following announcement of the LOI and transactions contemplated therein; the ability of VSA to meet NASDAQ listing standards following the transaction and in connection with the consummation thereof; the inability to complete the transactions contemplated by the LOI due to the failure to obtain approval of the stockholders of VSA or other closing conditions to; risks that the proposed transaction disrupts current plans and operations and the potential difficulties in employee retention as a result of the announcement of the LOI and consummation of the transaction described therein; costs related to the proposed acquisition; changes in applicable laws or regulations; the ability of the post-transaction company to meet its financial and strategic goals, due to, among other things, competition, the ability of the post-transaction company to grow and manage growth profitability, maintain relationships with customers and retain its key employees; the possibility that the post-transaction company may be adversely affected by other economic, business, and/or competitive factors; and other risks and uncertainties described herein, as well as those risks and uncertainties discussed from time to time in other reports and other public filings with the Securities and Exchange Commission (the "SEC") by VSA. Additional information concerning these and other factors that may impact our expectations and projections can be found in our periodic filings with the SEC, including our Annual Report on Form 20-F for the fiscal year ended December 31, 2024. VSA's SEC filings are available publicly on the SEC's website at VSA disclaims any obligation to update the forward-looking statements, whether as a result of new information, future events or otherwise. Non-Solicitation This press release is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the proposed transaction and shall not constitute an offer to sell or a solicitation of an offer to buy the securities of VSA or HopeAI., nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended. View original content: SOURCE TCTM Kids IT Education Inc. Sign in to access your portfolio
Scoop
13-05-2025
- Scoop
Register Your Interest For The Volunteer Service Abroad (VSA) UniVol Graduate Programme
Press Release – Volunteer Service Abroad The UniVol programme places selected graduates into 10-month volunteer assignments with VSA partners across the Pacific and beyond, in a range of areas like education, youth development, conservation, and community engagement. WELLINGTON, NZ – Volunteer Service Abroad Te Tūao Tāwāhi (VSA) is proud to announce that applications are now open for the 2026 UniVol Graduate Programme – a unique opportunity for New Zealand university graduates to make a real impact while gaining hands-on international development experience. The UniVol programme places selected graduates into 10-month volunteer assignments with VSA partners across the Pacific and beyond, in a range of areas like education, youth development, conservation, and community engagement. The VSA Graduate programme covers flights, accommodation, and a weekly allowance, providing a meaningful pathway into the development sector for young professionals. Kate Wareham, VSA Chief Executive, says the UniVol graduate programme reflects VSA's long-standing commitment to building reciprocal, sustainable partnerships in the Pacific and beyond. 'UniVols bring incredible energy, curiosity, and commitment to our partner organisations. It's a unique opportunity to contribute to global development while growing personally and professionally. The relationships and experiences the volunteers gain often shape the rest of their lives and careers.' Since 2007, the UniVol Programme has sent over 200 volunteers abroad, helping them build cross-cultural understanding and gain practical skills that enhance their career prospects in New Zealand and internationally. Past UniVol volunteer Alex Muir, who worked in Samoa in 2023 as an environmental education coordinator, says the experience was transformative. 'Being a VSA UniVol changed the way I see the world and my role in it. I learned so much about community-led development, resilience, and humility. It gave me the confidence to pursue a career in sustainability and development.' Expressions of interest for 2026 are now open until Monday 4 August. VSA encourages graduates from all disciplines who are passionate about international development to apply. Assignment will be scheduled for 2026.
Scoop
13-05-2025
- Scoop
Register Your Interest For The Volunteer Service Abroad (VSA) UniVol Graduate Programme
Press Release – Volunteer Service Abroad The UniVol programme places selected graduates into 10-month volunteer assignments with VSA partners across the Pacific and beyond, in a range of areas like education, youth development, conservation, and community engagement. WELLINGTON, NZ – Volunteer Service Abroad Te Tūao Tāwāhi (VSA) is proud to announce that applications are now open for the 2026 UniVol Graduate Programme – a unique opportunity for New Zealand university graduates to make a real impact while gaining hands-on international development experience. The UniVol programme places selected graduates into 10-month volunteer assignments with VSA partners across the Pacific and beyond, in a range of areas like education, youth development, conservation, and community engagement. The VSA Graduate programme covers flights, accommodation, and a weekly allowance, providing a meaningful pathway into the development sector for young professionals. Kate Wareham, VSA Chief Executive, says the UniVol graduate programme reflects VSA's long-standing commitment to building reciprocal, sustainable partnerships in the Pacific and beyond. 'UniVols bring incredible energy, curiosity, and commitment to our partner organisations. It's a unique opportunity to contribute to global development while growing personally and professionally. The relationships and experiences the volunteers gain often shape the rest of their lives and careers.' Since 2007, the UniVol Programme has sent over 200 volunteers abroad, helping them build cross-cultural understanding and gain practical skills that enhance their career prospects in New Zealand and internationally. Past UniVol volunteer Alex Muir, who worked in Samoa in 2023 as an environmental education coordinator, says the experience was transformative. 'Being a VSA UniVol changed the way I see the world and my role in it. I learned so much about community-led development, resilience, and humility. It gave me the confidence to pursue a career in sustainability and development.' Expressions of interest for 2026 are now open until Monday 4 August. VSA encourages graduates from all disciplines who are passionate about international development to apply. Assignment will be scheduled for 2026.
Scoop
13-05-2025
- General
- Scoop
Register Your Interest For The Volunteer Service Abroad (VSA) UniVol Graduate Programme
WELLINGTON, NZ – Volunteer Service Abroad Te Tūao Tāwāhi (VSA) is proud to announce that applications are now open for the 2026 UniVol Graduate Programme – a unique opportunity for New Zealand university graduates to make a real impact while gaining hands-on international development experience. The UniVol programme places selected graduates into 10-month volunteer assignments with VSA partners across the Pacific and beyond, in a range of areas like education, youth development, conservation, and community engagement. The VSA Graduate programme covers flights, accommodation, and a weekly allowance, providing a meaningful pathway into the development sector for young professionals. Kate Wareham, VSA Chief Executive, says the UniVol graduate programme reflects VSA's long-standing commitment to building reciprocal, sustainable partnerships in the Pacific and beyond. 'UniVols bring incredible energy, curiosity, and commitment to our partner organisations. It's a unique opportunity to contribute to global development while growing personally and professionally. The relationships and experiences the volunteers gain often shape the rest of their lives and careers.' Since 2007, the UniVol Programme has sent over 200 volunteers abroad, helping them build cross-cultural understanding and gain practical skills that enhance their career prospects in New Zealand and internationally. Past UniVol volunteer Alex Muir, who worked in Samoa in 2023 as an environmental education coordinator, says the experience was transformative. 'Being a VSA UniVol changed the way I see the world and my role in it. I learned so much about community-led development, resilience, and humility. It gave me the confidence to pursue a career in sustainability and development.' Expressions of interest for 2026 are now open until Monday 4 August. VSA encourages graduates from all disciplines who are passionate about international development to apply. Assignment will be scheduled for 2026.
News18
05-05-2025
- Entertainment
- News18
Arjit Taneja Pens Emotional Farewell As ‘Kaise Mujhe Tum Mil Gaye' Nears Final Episode
Last Updated: Kaise Mujhe Tum Mil Gaye nears its final episode, Arjit Taneja bids an emotional farewell to the show and fans. As Kaise Mujhe Tum Mil Gaye prepares to bid adieu to its audience, lead actor Arjit Taneja has shared a heartfelt note marking the show's final day of shooting. The Zee TV daily soap, which stars Arjit alongside Sriti Jha, is set to air its last episode on May 11, 2025. Confirming the wrap-up, Arjit took to Instagram to post behind-the-scenes clips and photos from the set, accompanied by an emotional message reflecting on the journey. 'And we wrap! Signing off as VSA. Kaise Mujhe Tum Mil Gaye isn't just another show in my career—it was family, a dream, a journey that will stay with me forever," Arjit wrote. He extended his gratitude to the show's producer, Mukta Dhond, thanking her for trusting him with the complex character of Virat. 'It's your vision that made this magic happen. Thank you for being one of the coolest producers I've worked with," he said. Arjit also acknowledged the guidance of his directors Sohail Kathuria and Mrinal, calling them more friends than colleagues. 'Thank you for supporting me and letting me explore. I've learned so much from you both, and I'm carrying all of it forward." While Arjit and Sriti Jha had shared screen space in Kumkum Bhagya, Kaise Mujhe Tum Mil Gaye marked their first outing as romantic leads. The chemistry between their characters, Virat and Amruta—fondly dubbed 'AmVira" by fans—quickly became one of the show's highlights. In his post, Arjit had a special note for Sriti: '@itisriti my Sriti ma'am, you know I love you. Don't know if this will ever happen again, but the last two years were amazing." He concluded with a heartfelt thank-you to the viewers: 'To the audience who stood by us and gave us so much unconditional love—your edits, messages, gifts, and appeals to save the show have meant the world. We are because of you. Tu mera koi na hoke bhi kuch laage. Phir milenge. #AmVira forever." As fans prepare to say goodbye to Kaise Mujhe Tum Mil Gaye, Arjit's words serve as a fitting tribute to a show that created lasting memories—on screen and off. Location : Mumbai, India, India First Published: May 05, 2025, 21:59 IST
