PANews May 13 news, according to Globenewswire, GD Culture Group Limited (Nasdaq stock code: GDC) and its subsidiary AI Catalysis Corp. announced that it has signed a common stock purchase agreement with a qualified investor from a limited liability company in the British Virgin Islands, stipulating that the company will sell its common stock valued at up to $300 million. The proceeds from this financing will be used to support the company's cryptocurrency asset funding strategy, including the purchase of Bitcoin and the official Trump Coin (TRUMP). According to this plan, under certain restrictions, GDC intends to use a large portion of the proceeds from any shares sold under this financing for acquisition, long-term holding, and integrating cryptocurrency assets into its core funding operations.
It is reported that GD Culture Group Limited is a Nevada company primarily engaged in AI-driven digital human technology and live e-commerce business.
