GD Culture Group announces at-the-market equity offering program

GD Culture Group (GDC) Limited, and its subsidiary, AI Catalysis Corp., announced that it has entered into an At-the-Market issuance sales agreement with Univest Securities, LLC under which the company may, from time to time, issue and sell shares of its common stock, par value $0.0001 per share, having an aggregate offering price of up to $10M through the Sales Agent or any of its sub-agent(s) or other designees, acting as sales agent. Sales of the Shares, if any, will be made at or related to then prevailing market prices and, as a result, prices may vary. The volume and timing of sales under the ATM program will be determined at the company’s discretion. The company expects to use any proceeds from the ATM program for general working capital and corporate purposes.