GD Culture Group prices 1.12M sharesat 89.6c in private placement

GD Culture Group (GDC) entered into a securities purchase agreement on March 4 with certain investor for the purchase and sale of up to an aggregate of 1,115,600 shares of the Company’s common stock, par value $0.0001 per share, at a purchase price of about $0.896 per share in a private placement. The aggregate gross proceeds to the Company are expected to be approximately $1M. The transactions are expected to close on or about March 5, 2025, subject to the satisfaction of customary closing conditions. Univest Securities is acting as the sole placement agent.