GD Culture Group Ltd (GDC): M&A transaction — GD Culture Group acquires AI software NexusChat for ~$5.8M in stock

GD Culture Group Ltd

Purchased NexusChat AI platform from unaffiliated sellers Gongzheng Xu and Qing Wang.
Purchase price of $5,768,536.20 paid as 2,444,295 shares of GDC common stock at $2.36/share.
NexusChat is an AI-driven platform for real-time anime character chats and personalized character creation.
Company plans to use software to develop its AI business; shares issued on April 29, 2025 closing deal.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.95

GD Culture Group Ltd completed an acquisition involving Gongzheng Xu and Qing Wang for $5,768,536.20, payable in the form of issuance of 2,444,295 shares of common stock of the Company (closed 2025-04-29).

Action: acquisition
Counterparty: Gongzheng Xu and Qing Wang
Consideration: $5,768,536.20, payable in the form of issuance of 2,444,295 shares of common stock of the Company
Closing: 2025-04-29

Exact text from the filing

Company agreed to purchase and the Seller agreed to sell all of Seller’s right, title, and interest in and to the certain software. The purchase price of the software shall be $5,768,536.20, payable in the form of issuance of 2,444,295 shares of common stock of the Company (the “Shares”), valued at $2.36 per share, the closing bid price of the Company’s common stock

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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 0001213900-25-037052

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