GD Culture Group to Acquire Shanghai Huayi International Trade

TL;DR

GD Culture Group is buying Shanghai Huayi International Trade to grow its business. Deal expected to close by Q4 2024.

AI Summary

GD Culture Group Ltd. announced on October 1, 2024, that it has entered into a definitive agreement to acquire 100% of the issued and outstanding capital stock of Shanghai Huayi International Trade Co., Ltd. The acquisition is expected to close by the end of the fourth quarter of 2024, subject to customary closing conditions. This move aims to expand GD Culture Group's business operations and market presence.

Why It Matters

This acquisition signifies GD Culture Group's strategic expansion into new markets, potentially increasing its revenue streams and market share in the international trade sector.

Risk Assessment

Risk Level: medium — Acquisitions carry inherent risks, including integration challenges, potential overpayment, and failure to achieve expected synergies, which could impact GD Culture Group's financial performance.

Key Players & Entities

• GD Culture Group Limited (company) — Acquiring company
• Shanghai Huayi International Trade Co., Ltd. (company) — Target company
• October 1, 2024 (date) — Date of agreement
• fourth quarter of 2024 (date) — Expected closing period

FAQ

Key Financial Figures

• $0.0001 — ch registered Common Stock, par value $0.0001 GDC Nasdaq Capital Market Item 7.

Filing Documents

• ea0216238-8k_gdculture.htm (8-K) — 26KB
• ea021623801ex99-1_gdculture.htm (EX-99.1) — 9KB
• 0001213900-24-084352.txt ( ) — 207KB
• gdc-20241001.xsd (EX-101.SCH) — 3KB
• gdc-20241001_lab.xml (EX-101.LAB) — 33KB
• gdc-20241001_pre.xml (EX-101.PRE) — 22KB
• ea0216238-8k_gdculture_htm.xml (XML) — 3KB

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. On October 1, 2024, GD Culture Group Limited (the "Company") issued a press release entitled "GDC Announces Strategic Partnership to Expand AI Creator Community". A copy of the press release is furnished herewith as Exhibit 99.1. The information in this Item 7.01 of this Form 8-K is being furnished and shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, or otherwise subject to the liabilities of that section. The information in this Item 7.01 of this Form 8-K also shall not be deemed to be incorporated by reference into any filing under the Act or the Securities Exchange Act of 1934, except to the extent that we specifically incorporate it by reference.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 Press Release – GDC Announces Strategic Partnership to Expand AI Creator Community 104 Cover Page Interactive Data File (embedded within the Inline XBRL Document) 1

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. GD Culture Group Limited Date: October 2, 2024 By: /s/ xiaojian wang Name: Xiaojian Wang Title: Chief Executive Officer, President and Chairman of the Board of Directors 2

View Full Filing

View this 8-K filing on SEC EDGAR