GD Culture Group acquires AI software 'Aibox' for $1.248M in stock

GD Culture Group Ltd

Acquired all rights to Aibox software from Shanxi Gangdong Cultural Media for 1.56M shares valued at $0.80/share.
Purchase price $1,248,000; shares issued to seller's designees on June 4, 2024.
Software converts video/audio into customizable AI digital human models for SMEs and influencers.
Transaction closed on June 4, 2024; shares were unregistered and bear restrictive legend.
Company plans to use software to develop its AI business.

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