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GD Culture Group Limited Announces Pricing of Private Placement

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GD Culture Group (GDC) has announced a private placement agreement dated March 4, 2025, for the sale of 1,115,600 shares of common stock at $0.896 per share. The offering, expected to generate approximately $1.0 million in gross proceeds, is scheduled to close around March 5, 2025.

The private placement is being conducted through Univest Securities, as the sole placement agent. The shares will be offered under Section 4(a)(2) of the Securities Act and Rule 506(b) of Regulation D. GDC has committed to register the resale of these shares within 60 days from the agreement date.

GD Culture Group (GDC) ha annunciato un accordo di collocamento privato datato 4 marzo 2025, per la vendita di 1.115.600 azioni ordinarie a $0,896 per azione. L'offerta, che si prevede genererà circa $1,0 milioni di proventi lordi, è programmata per chiudere intorno al 5 marzo 2025.

Il collocamento privato è condotto tramite Univest Securities, in qualità di unico agente di collocamento. Le azioni saranno offerte ai sensi della Sezione 4(a)(2) del Securities Act e della Regola 506(b) del Regolamento D. GDC si è impegnata a registrare la rivendita di queste azioni entro 60 giorni dalla data dell'accordo.

GD Culture Group (GDC) ha anunciado un acuerdo de colocación privada fechado el 4 de marzo de 2025, para la venta de 1,115,600 acciones ordinarias a $0.896 por acción. Se espera que la oferta genere aproximadamente $1.0 millones en ingresos brutos, y está programada para cerrarse alrededor del 5 de marzo de 2025.

La colocación privada se está llevando a cabo a través de Univest Securities, como el único agente de colocación. Las acciones se ofrecerán bajo la Sección 4(a)(2) de la Ley de Valores y la Regla 506(b) del Reglamento D. GDC se ha comprometido a registrar la reventa de estas acciones dentro de los 60 días a partir de la fecha del acuerdo.

GD Culture Group (GDC)는 2025년 3월 4일 자로 1,115,600주를 주당 $0.896에 판매하는 사모 배정 계약을 발표했습니다. 이번 공모는 약 $1.0 백만의 총 수익을 창출할 것으로 예상되며, 2025년 3월 5일경 마감될 예정입니다.

이번 사모 배정은 Univest Securities를 단독 배치 대리인으로 통해 진행됩니다. 주식은 증권법 제4(a)(2)조 및 규정 D의 506(b)조에 따라 제공됩니다. GDC는 계약일로부터 60일 이내에 이러한 주식의 재판매를 등록할 것을 약속했습니다.

GD Culture Group (GDC) a annoncé un accord de placement privé daté du 4 mars 2025, pour la vente de 1 115 600 actions ordinaires à 0,896 $ par action. L'offre, qui devrait générer environ 1,0 million $ de produits bruts, est prévue pour se clôturer aux alentours du 5 mars 2025.

Le placement privé est réalisé par l'intermédiaire d'Univest Securities, en tant qu'agent de placement exclusif. Les actions seront proposées en vertu de la section 4(a)(2) de la loi sur les valeurs mobilières et de la règle 506(b) du règlement D. GDC s'est engagé à enregistrer la revente de ces actions dans les 60 jours suivant la date de l'accord.

GD Culture Group (GDC) hat am 4. März 2025 eine Vereinbarung über eine Privatplatzierung bekannt gegeben, die den Verkauf von 1.115.600 Stammaktien zu einem Preis von 0,896 $ pro Aktie umfasst. Es wird erwartet, dass das Angebot etwa 1,0 Millionen $ brutto Einnahmen generiert und voraussichtlich um den 5. März 2025 abgeschlossen wird.

Die Privatplatzierung wird über Univest Securities als alleinigen Platzierungsagenten durchgeführt. Die Aktien werden gemäß Abschnitt 4(a)(2) des Wertpapiergesetzes und Regel 506(b) der Vorschrift D angeboten. GDC hat sich verpflichtet, den Weiterverkauf dieser Aktien innerhalb von 60 Tagen nach dem Datum der Vereinbarung zu registrieren.

Positive
  • Secured $1.0 million in additional funding
Negative
  • Potential dilution for existing shareholders
  • Low share price of $0.896 indicates weak market valuation

NEW YORK, March 05, 2025 (GLOBE NEWSWIRE) -- GD Culture Group Limited (“GDC” or the “Company”) (Nasdaq: GDC), and its subsidiary, AI Catalysis Corp. (“AI Catalysis”), today announced that it has entered into a securities purchase agreement (the “Agreement”) on March 4, 2025 with certain investor for the purchase and sale of up to an aggregate of 1,115,600 shares (the “Shares”) of the Company’s common stock, par value $0.0001 per share (the “Common Stock”), at a purchase price of about $0.896 per share in a private placement (the “Offering”).

The aggregate gross proceeds to the Company are expected to be approximately $1.0 million. The transactions are expected to close on or about March 5, 2025, subject to the satisfaction of customary closing conditions.

Univest Securities, LLC is acting as the sole placement agent.

The Shares will be offered and sold to investors in the Offering pursuant to the exemption from the registration requirements of the Securities Act of 1933, as amended, and the rules and regulations of the Securities and Exchange Commission (“SEC”) thereunder (collectively, the “Securities Act”), in reliance upon Section 4(a)(2) of the Securities Act and Rule 506(b) of Regulation D promulgated by the Commission under the Securities Act (“Regulation D”). The Company has agreed to register the resale of the Shares on a registration statement within 60 days from the date of the Agreement.

This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sales of such securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. Copies of the prospectus supplement relating to the registered direct offering, together with the accompanying base prospectus, can be obtained at the SEC's website at www.sec.gov.

About GD Culture Group Limited

GD Culture Group Limited (the “Company”) (Nasdaq: GDC), is a Nevada company currently conducting business mainly through its subsidiaries, AI Catalysis Corp. (“AI Catalysis”) and Shanghai Xianzhui Technology Co, Ltd. The company plans to enter into the livestreaming market with focus on e-commerce through its wholly owned U.S. subsidiary, AI Catalysis, a Nevada corporation incorporated in May 2023. The Company’s main businesses include AI-driven digital human technology, live-streaming e-commerce business. For more information, please visit the Company's website at https://www.gdculturegroup.com/.

Forward-Looking Statements

This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results.

For investor and media inquiries, please contact:

GD Culture Group Limited
Investor Relations Department
Email: ir@gdculturegroup.com

Ascent Investor Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email: investors@ascent-ir.com


FAQ

How much money will GDC raise through its March 2025 private placement?

GDC expects to raise approximately $1.0 million in gross proceeds through the private placement of 1,115,600 shares.

What is the share price for GDC's March 2025 private placement?

The purchase price is approximately $0.896 per share of common stock.

When will GDC's private placement close?

The private placement is expected to close on or about March 5, 2025, subject to customary closing conditions.

How long does GDC have to register the resale of the private placement shares?

GDC must register the resale of the shares within 60 days from the March 4, 2025 agreement date.
GD CULTURE GROUP LTD

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