GD Culture Group Ltd (GDC): M&A transaction — GD Culture Group completes acquisition of 13.33% stake in Xianzhui Technology for 400,000 shares at $2.78/share

GD Culture Group Ltd

On Jan 11, 2024, issued 400,000 common shares valued at $2.7820 per share to Beijing Hehe as consideration.
Shares issued to purchase 13.3333% equity interest in Xianzhui Technology Co., Ltd. from Beijing Hehe.
Transaction completed via Shanghai Highlight Entertainment, an indirect subsidiary of GDC.
Issuance exempt from registration under Regulation S; recipients are non-U.S. persons.

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 Beijing Hehe Property Management Co., Ltd. for 400,000 shares of common stock of the Company, valued at $2.7820 per share (closed 2024-01-11).

Action: acquisition
Counterparty: Beijing Hehe Property Management Co., Ltd.
Consideration: 400,000 shares of common stock of the Company, valued at $2.7820 per share
Closing: 2024-01-11

Exact text from the filing

Venture. Pursuant to the Agreement, Shanghai Highlight agreed to purchase the 13.3333% equity interest in the Joint Venture from Beijing Hehe and the Company agreed to issue 400,000 shares of common stock of the Company (the “Shares”), valued at $2.7820 per share, to Beijing Hehe or its assigns. On January 11, 2024, the Company issued the Shares and the

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Source: SEC EDGAR

accession 0001213900-24-004649

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