GDC Culture Group Limited Announces Common Stock Purchase Agreement to Sell Up to $300M of Its Common Stock

NEW YORK, May 12, 2025 (GLOBE NEWSWIRE) -- GD Culture Group Limited (“GDC” or the “Company”) (Nasdaq: GDC), and its subsidiary, AI Catalysis Corp. (“AI Catalysis”)

As part of its broader strategy to engage with Web3 technologies and the evolving decentralized finance (DeFi) ecosystem, GD Culture Group Limited ("GDC") (Nasdaq: GDC), and its subsidiary, AI Catalysis Corp. ( Together, "the Company"), announced today that it has entered into an Common Stock Purchase Agreement (the “Agreement”) with an accredited investor (an “Investor”), a British Virgin Island limited liability company, providing for the sale by the Company of up to $300 million of its common stock.

Proceeds from the facility will be used to support the Company’s crypto asset treasury strategy, including the purchase of Bitcoin (“BTC”) and OFFICIAL TRUMP (“TRUMP”).

Subject to certain limitations, GDC intends to allocate a significant portion of the proceeds from any share sales under the facility to the acquisition, long-term holding, and integration of crypto assets into its core treasury operations. This initiative is part of the Company’s broader strategy to engage with Web3 technologies and the evolving decentralized finance (DeFi) ecosystem.

Through the adoption of this crypto asset treasury strategy, GDC aims to enhance its balance sheet with high-performance, scalable digital assets while aligning itself with the expanding decentralized finance (DeFi) ecosystem.

Mr. Xiaojian Wang, Chairman and Chief Executive Officer of the Company, commented: “GDC’s adoption of crypto assets as treasury reserve holdings is a deliberate strategy that reflects both current industry trends and our unique strengths in digital technologies and the livestreaming e-commerce ecosystem. Our substantial partnership with the Investor provides strong momentum for this initiative, reinforcing our leadership in pursuing growth opportunities and embracing blockchain-driven industrial transformation. We believe our forward-looking strategy will further strengthen our financial foundation and drive long-term value creation for our shareholders as decentralized finance continues to evolve.”

About GD Culture Group Limited

GD Culture Group Limited (the “Company”) (Nasdaq: GDC), is a Nevada company currently conducting business mainly through its subsidiaries, AI Catalysis Corp. (“AI Catalysis”) and Shanghai Xianzhui Technology Co, Ltd. The company plans to enter into the livestreaming market with focus on e-commerce through its wholly owned U.S. subsidiary, AI Catalysis, a Nevada corporation incorporated in May 2023. The Company’s main businesses include AI-driven digital human technology, live-streaming e-commerce business. For more information, please visit the Company's website at https://www.gdculturegroup.com/.