GD Culture Group Limited Announces Registered Direct Offering

Group 1 - GD Culture Group Limited (GDC) has entered into a definitive agreement for the purchase and sale of 810,277 shares of its common stock at a price of $1.144 per share, expecting gross proceeds of approximately $926,957 [1] - The transactions are anticipated to close on or about March 26, 2024, subject to customary closing conditions [1] - Univest Securities, LLC is acting as the sole placement agent for this offering [1] Group 2 - The shares have been registered under a shelf registration statement on Form S-3, previously filed and declared effective by the SEC on March 26, 2021 [2] - A final prospectus supplement and accompanying prospectus will be filed with the SEC, detailing the terms of the proposed offering [2] Group 3 - GD Culture Group Limited is a Nevada holding company conducting business through its subsidiary AI Catalysis Corp, focusing on the livestreaming market, particularly in e-commerce and interactive games [4] - The company's main businesses include AI-driven digital human technology, live-streaming e-commerce, and live streaming interactive games [4]