{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-23-036462","form_type":"8-K","ticker":"GDC","cik":"0001641398","company_name":"GD Culture Group Ltd","filed_at":"2023-05-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:39.791312+00:00","generated_at":"2026-06-15T22:13:48.815502+00:00","sec_items":["1.01","8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"GD Culture Group closes $9.55M registered direct offering and private placement","bullets":["Gross proceeds of ~$9.55M from 310,168 shares, pre-funded warrants for 844,351 shares, and warrants for 1,154,519 shares.","Net proceeds ~$8.53M after fees and expenses; intended for working capital and general corporate purposes.","Univest Securities acted as sole placement agent; warrants exercisable at $8.27 or $0.001 (pre-funded) over 5 years.","Registered direct offering used effective S-3 shelf; private placement exempt from registration under Section 4(a)(2)/Reg D.","Placement agent received 7% cash fee, 1% non-accountable expense allowance, and warrants for 115,452 shares at $9.924."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-23-036462","json":"https://secwatch.observer/filing/0001213900-23-036462.json","markdown":"https://secwatch.observer/filing/0001213900-23-036462.md","text":"https://secwatch.observer/filing/0001213900-23-036462.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1641398/000121390023036462/0001213900-23-036462-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1641398/000121390023036462/ea177982-8k_gdculture.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T22:13:48.815502+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"05edf50258c52e3a6cbb46c35ed4e9ef6ef5586a","claim":"GD Culture Group Ltd entered into PIPE Securities Purchase Agreement with certain purchasers (effective 2023-05-01).","evidence_excerpt":"are also sold to the Purchasers, pursuant to a private warrant securities purchase agreement, dated May 1, 2023 (the “PIPE Securities Purchase Agreement”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1641398/000121390023036462/0001213900-23-036462-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"certain purchasers"},{"label":"Effective","value":"2023-05-01"}],"fact_type":"material_agreement"},{"claim_id":"6a0b49808e0a95a44872af7bcb021893ad77460e","claim":"GD Culture Group Ltd entered into Placement Agency Agreement with Univest Securities, LLC (effective 2023-05-01).","evidence_excerpt":"On May 1, 2023, GD Culture Group Limited (the “Company”, “we”, “us” or “our”) entered into a placement agency agreement (the “Placement Agency Agreement”), with Univest Securities, LLC (the “Placement Agent” or “Univest”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1641398/000121390023036462/0001213900-23-036462-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"underwriting"},{"label":"Counterparty","value":"Univest Securities, LLC"},{"label":"Effective","value":"2023-05-01"}],"fact_type":"material_agreement"},{"claim_id":"e867f37b0dcde3d68acb89f01d9c746ee08fae9f","claim":"GD Culture Group Ltd entered into RD Securities Purchase Agreement with certain purchasers (effective 2023-05-01).","evidence_excerpt":"are sold to certain purchasers (the “Purchasers”), pursuant to a securities purchase agreement, dated May 1, 2023 (the “RD Securities Purchase Agreement”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1641398/000121390023036462/0001213900-23-036462-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"certain purchasers"},{"label":"Effective","value":"2023-05-01"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}