Core Viewpoint - GD Culture Group Limited has entered into an At-the-Market issuance sales agreement to potentially raise up to $10 million through the sale of its common stock [1][2]. Group 1: Agreement Details - The company may issue and sell shares at prevailing market prices, with the volume and timing of sales determined at its discretion [2][3]. - The sales will be conducted as an "at-the-market" offering, adhering to the U.S. Securities Act regulations [3]. - The sales agent, Univest Securities, will use commercially reasonable efforts to sell the shares according to the agreement [3]. Group 2: Use of Proceeds - Proceeds from the ATM program are expected to be used for general working capital and corporate purposes [2]. Group 3: Registration and Compliance - The shares have been registered under a shelf registration statement filed with the SEC, which became effective on August 20, 2024 [4]. - A final prospectus supplement will be filed with the SEC, providing details of the offering [4]. Group 4: Company Overview - GD Culture Group Limited operates primarily through its subsidiaries, including AI Catalysis Corp, and is entering the livestreaming e-commerce market [6]. - The company focuses on AI-driven digital human technology and live-streaming e-commerce [6].
GD Culture Group Limited Announces At-The-Market Equity Offering Program