---
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"
generated_at: "2026-06-15T22:13:48.815502+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# GD Culture Group closes $9.55M registered direct offering and private placement

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-036462
- JSON: https://secwatch.observer/filing/0001213900-23-036462.json
- Plain text: https://secwatch.observer/filing/0001213900-23-036462.txt

## Key facts
- Material Agreements
  GD Culture Group Ltd entered into PIPE Securities Purchase Agreement with certain purchasers (effective 2023-05-01).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: certain purchasers
  - Effective: 2023-05-01
  source text: are also sold to the Purchasers, pursuant to a private warrant securities purchase agreement, dated May 1, 2023 (the “PIPE Securities Purchase Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1641398/000121390023036462/0001213900-23-036462-index.htm
- Material Agreements
  GD Culture Group Ltd entered into Placement Agency Agreement with Univest Securities, LLC (effective 2023-05-01).
  - Action: entry
  - Agreement: underwriting
  - Counterparty: Univest Securities, LLC
  - Effective: 2023-05-01
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1641398/000121390023036462/0001213900-23-036462-index.htm
- Material Agreements
  GD Culture Group Ltd entered into RD Securities Purchase Agreement with certain purchasers (effective 2023-05-01).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: certain purchasers
  - Effective: 2023-05-01
  source text: are sold to certain purchasers (the “Purchasers”), pursuant to a securities purchase agreement, dated May 1, 2023 (the “RD Securities Purchase Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1641398/000121390023036462/0001213900-23-036462-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.