GD Culture Group amends offering; common share price raised to $8.35, net extra $84,973

GD Culture Group Ltd

Common share purchase price increased from $8.27 to $8.35; pre-funded warrant price to $8.349.
Unregistered Warrants exercise price raised to $8.35 per share from $8.27.
Placement Agent Warrants exercise price adjusted to $10.02 per share.
Net additional proceeds of ~$84,973 after 7% placement fee and 1% expense allowance.
Company will use net proceeds for working capital and general corporate purposes.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

GD Culture Group Ltd amended Amendment to PIPE Securities Purchase Agreement with Purchasers valued at Exercise price of each Unregistered Warrant increased to $8.35 per share (effective 2023-05-16).

Action: amendment
Agreement: equity purchase
Counterparty: Purchasers
Value: Exercise price of each Unregistered Warrant increased to $8.35 per share
Effective: 2023-05-16

Exact text from the filing

Concurrently, the Company entered into an amendment to the PIPE Securities Purchase Agreement with the Purchasers, pursuant to which the exercise price of each Unregistered Warrant was increased to $8.35 per share of common stock.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

GD Culture Group Ltd amended Amendment to Placement Agency Agreement and amended and restated Placement Agent Warrants with Univest Securities, LLC valued at Exercise price of Placement Agent Warrants increased to $10.02 per share (effective 2023-05-16).

Action: amendment
Agreement: underwriting
Counterparty: Univest Securities, LLC
Value: Exercise price of Placement Agent Warrants increased to $10.02 per share
Effective: 2023-05-16

Exact text from the filing

In addition, as a result of such amendments and pursuant to the Placement Agency Agreement, the Company amended and restated the Placement Agent Warrants to increase the exercise price to $10.02 per share.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

GD Culture Group Ltd amended Amendment to RD Securities Purchase Agreement with Purchasers valued at Purchase price per Common Share increased to $8.35; per Pre-funded Warrant increased to $8.349 (effective 2023-05-16).

Action: amendment
Agreement: equity purchase
Counterparty: Purchasers
Value: Purchase price per Common Share increased to $8.35; per Pre-funded Warrant increased to $8.349
Effective: 2023-05-16

Exact text from the filing

On May 16, 2023, the Company entered into an amendment to the RD Securities Purchase Agreement with the Purchasers, pursuant to which the purchase price of each Common Share was increased to $8.35 and the purchase price of each Pre-funded Warrant was increased to $8.349.

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38 material agreements filed in the last 30 days. Browse all material agreements →

GD Culture Group Ltd filing history →

Source: SEC EDGAR

accession 0001213900-23-040663

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