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POP CULTURE GROUP CO., LTD. ANNOUNCES CLOSING OF REGISTERED DIRECT OFFERING
Prnewswire· 2025-09-29 20:15
Core Viewpoint - Pop Culture Group Co., Ltd. has successfully closed a registered direct offering of 5,000,000 Class A ordinary shares at a price of $1.20 per share, raising approximately $6.0 million for working capital and general corporate purposes [1]. Group 1: Offering Details - The offering consisted of 5,000,000 Class A ordinary shares priced at $1.20 each, resulting in gross proceeds of about $6.0 million before fees and expenses [1]. - FT Global Capital, Inc. acted as the exclusive placement agent for this offering [2]. - The shares were offered under a shelf registration statement on Form F-3, which was filed with the SEC and declared effective on November 4, 2022 [3]. Group 2: Company Overview - Pop Culture Group Co., Ltd. is a cultural industry operation enterprise focused on the industrialization of Chinese Pop Culture, with its main operations in China [4]. - The company provides a variety of services, including live performances, artist management, intellectual property rights, film and television production, and entertainment marketing [4]. - Initially focused on hip-hop culture, the company has diversified into a broader range of Chinese Pop Culture services, encompassing both online and offline platforms [4].
POP CULTURE GROUP CO., LTD. ANNOUNCES PRICING OF REGISTERED DIRECT OFFERING
Prnewswire· 2025-09-26 13:15
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].