GD Culture Group (GDC) said Wednesday it entered into a securities purchase agreement with an undisclosed investor for the purchase of up to 1,115,600 shares of its stock, par value $0.0001 per share, at about $0.896 per share in a private placement.
The gross proceeds are expected to be approximately $1.0 million. The transactions are expected to close on or about March 5, the company said.
Shares of GD Culture Group were down nearly 7% in recent trading.
Price: 1.68, Change: -0.12, Percent Change: -6.67
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