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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.