GD Culture Group Limited announced the closing of a private placement (PIPE) offering on May 5, 2025, which generated approximately $5.5 million in aggregate gross proceeds. The offering involved the sale of common stock and pre-funded warrants to several purchasers.
The company sold 1,115,600 shares of common stock at a purchase price of $0.524 per share. Additionally, pre-funded warrants to purchase up to 9,380,582 shares of common stock were sold at $0.523 per pre-funded warrant.
The net proceeds from this offering are intended for working capital purposes, providing a significant boost to GDC's financial resources. Univest Securities, LLC acted as the sole placement agent for the transaction.
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