GD Culture Group Limited Announces PIPE of approximately 5.5 Million

Core Viewpoint - GD Culture Group Limited announced a private placement to raise approximately $5.5 million through the sale of common stock and pre-funded warrants [1][2]. Group 1: Private Placement Details - The company signed a private placement agreement on May 2, 2025, for the purchase of 1,115,600 shares of common stock at a price of $0.524 per share [1]. - Additionally, pre-funded warrants to purchase up to 9,380,582 shares of common stock were included in the offering at a price of $0.523 per warrant [1]. - The gross proceeds from the offering are expected to be around $5.5 million, which will be used for working capital purposes [2]. Group 2: Company Overview - GD Culture Group Limited operates primarily through its subsidiaries, including AI Catalysis Corp., and is focused on entering the livestreaming market with an emphasis on e-commerce [5]. - The company's main business activities involve AI-driven digital human technology and live-streaming e-commerce [5].