GD Culture Group Limited announced the closing of a private placement on March 6, 2025. The company sold an aggregate of 1,115,600 shares of its common stock to certain investors.
The shares were sold at a purchase price of approximately $0.896 per share, resulting in aggregate gross proceeds to the company of approximately $1.0 million. Univest Securities, LLC acted as the sole placement agent for this offering.
This capital infusion provides GD Culture Group with additional funds for its operations. The offering was conducted under exemptions from registration requirements of the Securities Act of 1933.
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