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, allowing for sales through the Nasdaq Capital Market or other trading markets [3]. - The sales agent, Univest Securities, LLC, will use commercially reasonable efforts to sell the shares in accordance with 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 previously filed and declared effective by the SEC [4]. - A final prospectus supplement and accompanying prospectus will be filed with the SEC and made available to the public [4]. Group 4: Company Overview - GD Culture Group Limited operates primarily through its subsidiaries, including AI Catalysis Corp., and is planning to enter the livestreaming e-commerce market [6]. - The company's main businesses include AI-driven digital human technology and live-streaming e-commerce [6].
GD Culture Group Limited Announces At-The-Market Equity Offering Program