GD Culture Group Limited announced on February 10, 2025, that it has entered into an At-the-Market (ATM) issuance sales agreement with Univest Securities, LLC. This agreement allows the company to issue and sell shares of its common stock with an aggregate offering price of up to $10.0 million.
Sales of shares under the ATM program will be made at or related to then-prevailing market prices, with the volume and timing determined at the company’s discretion. The proceeds from this program are intended for general working capital and corporate purposes.
This ATM program provides GDC with a flexible method to access capital as needed. However, it also means that additional shares may be introduced into the market, which could impact the company's stock structure.
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