Gd culture group limited announces $11.55 million registered direct priced at-the-market under nasdaq rules and private placement

New york, may 02, 2023 (globe newswire) -- gd culture group limited (“gdc” or the “company”, formerly known as jm global holding company, tmsr holding company limited and code chain new continent limited), a holding company currently conducting business through shanghai highlight media co., ltd. (“highlight media”) today announced that it had entered into a definitive agreement with several investors for the purchase and sale of an aggregate of 465,252 shares of the company's common stock, par value $0.0001 per share, and pre-funded warrants to purchase up to 931,104 shares of the company's common stock at a purchase price of $8.27 per share in a registered direct offering priced at-the-market under nasdaq rules. the purchase price for the pre-funded warrants is identical to the purchase price for shares, less the exercise price of $0.001 per share.
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