GD Culture Group Limited Announces Closing of Private Placement

Group 1 - GD Culture Group Limited ("GDC") announced the closing of a private placement on March 6, 2025, for the purchase and sale of up to 1,115,600 shares of its common stock at a price of approximately $0.896 per share [1][2] - The aggregate gross proceeds from the Offering were approximately$1.0 million [2] - The shares were sold under the exemption from registration requirements of the Securities Act of 1933, relying on Section 4(a)(2) and Rule 506(b) of Regulation D [3] Group 2 - GD Culture Group Limited is primarily engaged in AI-driven digital human technology and live-streaming e-commerce business through its subsidiaries, including AI Catalysis Corp. [5] - The company plans to enter the livestreaming market with a focus on e-commerce through its wholly owned U.S. subsidiary, AI Catalysis, which was incorporated in May 2023 [5]