M&A - GD Culture Group Ltd

Form Type: 8-K

Filing Date: 2025-04-30

Corporate Action: Acquisition

Type: New

Accession Number: 000121390025037052

Filing Summary: On April 28, 2025, GD Culture Group Limited entered into a software purchase agreement with sellers Gongzheng Xu and Qing Wang, unassociated with the Company, to acquire software for $5,768,536.20. The purchase is to be executed via the issuance of 2,444,295 shares of common stock, priced at $2.36 per share, reflecting the closing bid price on April 25, 2025. This new software will be utilized to advance the Company’s AI business. The acquisition was finalized on April 29, 2025, with shares issued to the sellers. This agreement is detailed in Exhibit 10.1 of the filing, which is part of the Company’s Form S-3 registration statement.