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NEW YORK - GD Culture Group Limited (NASDAQ:GDC) announced Tuesday it has closed a private placement transaction raising approximately $2.8 million in gross proceeds through the sale of 1,333,334 shares of common stock. The company, currently trading at $4.31 with a market capitalization of $72.39 million, has shown remarkable momentum with a 165% return over the past year according to InvestingPro data.
The shares were sold at a purchase price of $2.10 per share to certain investors under a securities purchase agreement entered into on October 24, 2025. The transaction closed on Monday.
Univest Securities, LLC served as the sole placement agent for the offering, which was conducted under exemptions from registration requirements pursuant to Section 4(a)(2) of the Securities Act and Rule 506(b) of Regulation D.
As part of the agreement, GD Culture Group has committed to register the resale of the shares on a registration statement within 60 days from the date of the agreement.
GD Culture Group, a Nevada-based company, currently operates primarily through its subsidiaries AI Catalysis Corp. and Shanghai Xianzhui Technology Co., Ltd. The company’s business focuses on AI-driven digital human technology and livestreaming e-commerce.
The information in this article is based on a press release statement from the company.
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