BEIJING, Nov. 21, 2022 /PRNewswire/ -- TuanChe Limited ("TuanChe" or the "Company") (NASDAQ: TC), a leading integrated automotive marketplace in China, today announced that it has entered into a definitive agreement with investors for the purchase and sale of (1) 5,454,546 of the Company's American Depositary Shares ("ADSs") (or pre-funded warrants to purchase ADSs ("ADS Equivalent") in lieu thereof) and (2) warrants to purchase 5,454,546 ADSs, at a combined purchase price of $2.75 per ADS (or $2.749 per ADS Equivalent) and the associated warrant. Each associated warrant is exercisable to purchase one ADS for $2.75. Each ADS represents sixteen (16) Class A ordinary shares of the Company. The warrant has a term equal to five years from the issuance date. The aggregate gross proceeds to the Company are expected to be approximately $15.0 million. The transaction is expected to close on or about November 23, 2022, subject to the satisfaction of customary closing conditions.