secwatch.observer — SEC 8-K summary
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Issuer:     GD Culture Group Ltd (GDC)
CIK:        0001641398
Form:       8-K
Filed at:   2023-06-27T23:59:59+00:00
Accession:  0001213900-23-052204
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GD Culture Group acquires software 'Tribal Light' for $750K in stock for video game development
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- Acquired software 'Tribal Light' from unaffiliated seller Northeast Management LLC for $750,000, paid via 187,500 shares of common stock.
- Shares valued at $4.00 per share; issued to seller's designees on June 26, 2023.
- Company plans to use the software to develop video games; software is currently unregistered.
- Transaction closed on June 26, 2023; agreement dated June 22, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1641398/000121390023052204/0001213900-23-052204-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1641398/000121390023052204/ea180939-8k_gdculture.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-052204

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer