Pop Culture Group is offering 665,000 Class A Ordinary Shares at a negotiated $3.00 per-share price, targeting approximately $1.9 million in net proceeds. Investors can track the stated allocation: 80% for Operating Cash Flow and general corporate use, 10% for Equity Investment and 10% for overseas entities and offices.

Key Highlights

  • The negotiated offering price is $3.00 for each Class A Ordinary Share.
  • Approximately 80% of the estimated net proceeds is intended for operating cash flow and general corporate use.
  • The direct sale carries no Placement agent fees or Underwriting discounts.

Direct Class A Share Sale Sets Terms

Each Class A Ordinary Share has a Par Value of US$1.50. Pop Culture Group (NASDAQ: CPOP) said the sale will not involve a placement agent or underwriter, and it will pay neither placement fees nor underwriting discounts.

Estimated net proceeds are approximately US$1.9 million after offering expenses. Pop Culture Group plans to direct approximately 80% to operating cash flow and general corporate use, with approximately 10% allocated to high-quality equity investment. The remaining approximately 10% is intended for registering and operating overseas Business entities, branches and offices. Management retains flexibility over how and when the funds are applied, with bank deposits planned for proceeds that are not used immediately.