NEW YORK, March 22, 2024 (GLOBE NEWSWIRE) — GD Tradition Group Restricted (“GDC” or the “Firm”) (Nasdaq: GDC), a holding firm presently conducting enterprise by its working subsidiary, AI Catalysis Corp. (“AI Catalysis”), immediately introduced that it had entered right into a definitive settlement with a number of traders for the acquisition and sale of an combination of 810,277 shares of the Firm’s frequent inventory, at a purchase order worth of $1.144 per share in a registered direct providing.
The combination gross proceeds to the Firm are anticipated to be roughly $926,957. The transactions are anticipated to shut on or about March 26, 2024, topic to the satisfaction of customary closing circumstances.
Univest Securities, LLC is appearing as the only placement agent.
The Shares have been registered and the providing is being made pursuant to a shelf registration assertion on Kind S-3 (File No. 333-254366) beforehand filed and declared efficient by the U.S. Securities and Alternate Fee (“SEC”) on March 26, 2021. A remaining prospectus complement and accompanying prospectus describing the phrases of the proposed providing can be filed with the SEC and can be out there on the SEC’s web site positioned at http://www.sec.gov. Digital copies of the ultimate prospectus complement and the accompanying prospectus could also be obtained, when out there, by contacting Univest Securities, LLC at info@univest.us, or by calling +1 (212) 343-8888.
This press launch doesn’t represent a proposal to promote or the solicitation of a proposal to purchase, nor will there be any gross sales of such securities in any jurisdiction through which such supply, solicitation or sale can be illegal previous to registration or qualification beneath the securities legal guidelines of such jurisdiction. Copies of the prospectus complement regarding the registered direct providing, along with the accompanying base prospectus, might be obtained on the SEC’s web site at www.sec.gov.
About GD Tradition Group Restricted.
GD Tradition Group Restricted (the “Firm”) (Nasdaq: GDC), is a Nevada holding firm presently conducting enterprise by its working subsidiary AI Catalysis Corp. (“AI Catalysis”). The corporate plans to enter into the livestreaming market with give attention to e-commerce and livestreaming interactive video games by its wholly owned U.S. subsidiary, AI Catalysis, a Nevada company integrated in Might 2023. The Firm’s major companies embody AI-driven digital human expertise, live-streaming e-commerce enterprise and dwell streaming interactive sport. For extra info, please go to the Firm’s web site at https://www.gdculturegroup.com/.
Ahead-Wanting Statements
This press launch incorporates forward-looking statements, together with details about the anticipated timing of closing and using proceeds from the providing, inside the which means of the protected harbor provisions of the Personal Securities Litigation Reform Act of 1995. All statements apart from statements of historic reality on this announcement are forward-looking statements. These forward-looking statements contain identified and unknown dangers and uncertainties and different components which can trigger the outcomes of Firm to be materially totally different than these expressed or implied in such statements. Sure of those threat components and others are included in paperwork Firm recordsdata with the SEC, together with however not restricted to, Firm’s Annual Report on Kind 10-Ok for the 12 months ended December 31, 2022, in addition to subsequent reviews filed with the SEC. Different unknown or unpredictable components additionally might have materials adversarial results on Firm’s future outcomes. Buyers can establish these forward-looking statements by phrases or phrases akin to “might,” “will,” “count on,” “anticipate,” “purpose,” “estimate,” “intend,” “plan,” “imagine,” “potential,” “proceed,” “is/are prone to” or different comparable expressions. The forward-looking statements included on this press launch are made solely as of the date hereof. The Firm can not assure future outcomes, ranges of exercise, efficiency or achievements and undertakes no obligation to replace forward-looking statements to replicate subsequent occurring occasions or circumstances, or adjustments in its expectations, besides as could also be required by legislation. Though the Firm believes that the expectations expressed in these forward-looking statements are affordable, it can not guarantee you that such expectations will change into right, and the Firm cautions traders that precise outcomes might differ materially from the anticipated outcomes.
For investor and media inquiries, please contact:
Ascent Investor Relations LLC
Tina Xiao
Telephone: +1-646-932-7242
E-mail: investors@ascent-ir.com
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