Pop Culture Group Co., Ltd., a Cayman Islands-based company, announced a private placement agreement with 10 investors involving the sale of 50,000,000 Class A ordinary shares and 10,000,000 Class B ordinary shares. The Class A shares are priced at $0.50 each, while the Class B shares are priced at $0.55 each, resulting in gross proceeds of $30.5 million. The shares are issued under Regulation S of the Securities Act of 1933, allowing the company discretion over the use of funds.
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