Accessibility StatementSkip Navigation XIAMEN, China, Sept. 29, 2025 /PRNewswire/ -- POP Culture Group Co., Ltd. ("POP Culture" or the "Company") (Nasdaq: CPOP) today announced the closing of its previously announced registered direct offering of 5,000,000 Class A ordinary shares at a purchase price of $1.20 per share, for aggregate gross proceeds of approximately $6.0 million, before deducting placement agent fees and other offering expenses payable by the Company. Company intends to use the net proceeds f ...

Core Viewpoint - Pop Culture Group Co., Ltd. has entered into a securities purchase agreement for the sale of 5,000,000 Class A ordinary shares at a price of $1.20 per share, aiming to raise approximately $6.0 million for working capital and general corporate purposes [1]. Group 1: Offering Details - The offering is expected to close on or about September 29, 2025, pending customary closing conditions [1]. - FT Global Capital, Inc. is acting as the exclusive placement agent for this offering [2]. - The shares are being offered under an effective shelf registration statement previously filed with the SEC [2]. Group 2: Company Overview - Pop Culture Group Co., Ltd. is focused on the industrialization of Chinese Pop Culture, providing services such as live performances, artist management, intellectual property rights, and film and television production [4]. - The company has evolved from a focus on hip-hop culture to a diversified group specializing in various aspects of Chinese Pop Culture, with a comprehensive business ecosystem that includes both online and offline platforms [4].

Core Viewpoint - Pop Culture Group Co., Ltd. plans to enter the cryptocurrency sector to integrate innovative payment solutions into its business ecosystem, with initiatives set to launch in July 2025 [1][2]. Company Overview - Pop Culture Group Co., Ltd. is a leading enterprise in the Chinese cultural content industry, focusing on the industrialization of Chinese Pop Culture, with operations primarily in China and incorporated in the Cayman Islands [3]. - The company offers a variety of services, including live performances, artist management, intellectual property rights, film and television production, and entertainment marketing, evolving from a focus on hip-hop culture to a diversified group [3]. Cryptocurrency Integration - The company aims to leverage the technological architecture and token-based economic model of cryptocurrencies, which are seen as having significant commercial application value [2]. - The integration of cryptocurrency is expected to optimize asset allocation and lay the foundation for a future cultural technology ecosystem [2]. Value Propositions of Cryptocurrency 1. **Efficient Payment Ecosystem**: Cryptocurrencies will enhance the efficiency of global ticketing and merchandise payment systems due to low transaction costs and rapid settlement [5]. 2. **Scenario Integration Potential**: The adaptability of cryptocurrency technology allows for seamless integration across various operations, including offline events, digital collectibles, and artist fan economies [5]. 3. **Technological Innovation Advantage**: The unique consensus mechanisms and scalable architecture of cryptocurrencies support the company's ongoing digital transformation, fostering long-term innovation and growth [5].