secwatch / observer
8-K filed June 27, 2023, 7:59 PM ET ticker GDC CIK 0001641398
other material confidence high sentiment neutral materiality 0.50

GD Culture Group Ltd (GDC): M&A transaction — GD Culture Group acquires software 'Tribal Light' for $750K in stock for video game development

GD Culture Group Ltd

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

GD Culture Group Ltd completed an acquisition involving Northeast Management LLC for $750,000, payable in the form of issuance of 187,500 shares of common stock of the Company, valued at $4.00 per share (closed 2023-06-26).

Action
acquisition
Counterparty
Northeast Management LLC
Consideration
$750,000, payable in the form of issuance of 187,500 shares of common stock of the Company, valued at $4.00 per share
Closing
2023-06-26
Exact text from the filing
ntered into a software purchase agreement (the “Agreement”) with Northeast Management LLC, a seller unaffiliated with the Company (the “Seller”). Pursuant to the Agreement, the Company agreed to purchase and the Seller agreed to sell all of Seller’s
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

GD Culture Group Ltd entered into Software Purchase Agreement with Northeast Management LLC valued at $750,000 payable in 187,500 shares of common stock (effective 2023-06-22).

Action
entry
Agreement
asset purchase
Counterparty
Northeast Management LLC
Value
$750,000 payable in 187,500 shares of common stock
Effective
2023-06-22
Exact text from the filing
On June 22, 2023, GD Culture Group Limited (the "Company") entered into a software purchase agreement (the "Agreement") with Northeast Management LLC, a seller unaffiliated with the Company (the "Seller").
View on SEC.gov

5 m&a transactions filed in the last 30 days. Browse all m&a transactions →

GD Culture Group Ltd filing history →

Source: SEC EDGAR
accession 0001213900-23-052204
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