GD Culture Group Limited Announces $2.8 Million Private Placement

On October 24, 2025, GD Culture Group Limited entered into a securities purchase agreement with accredited investors to issue and sell 1,333,334 shares of common stock at $2.10 per share, raising approximately $2.8 million. The proceeds are intended for working capital and general corporate purposes. The private placement closed on October 27, 2025, and the shares were issued in reliance on exemptions from registration under the Securities Act. The company also entered into a placement agency agreement with Univest Securities, LLC, agreeing to pay a 7% cash fee and reimburse up to $20,000 in expenses. The company plans to file a registration statement within 60 days to allow for the resale of the shares.