Pop Culture Group Raises $10M in Private Placement

Pop Culture Group (CPOP) has released an update.

Pop Culture Group Co., Ltd has successfully completed a private placement, raising $10 million by selling 10 million Class A ordinary shares at $1 each to a group of 12 international investors. The shares were sold in compliance with Regulation S of the Securities Act of 1933, which exempts transactions made outside of the U.S. The company plans to use the proceeds at its management’s discretion.

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