GD Culture authorizes $100 million share buyback program
GD Culture Group Limited (NASDAQ: GDC) announced that its board of directors has authorized a share repurchase program allowing the company to buy back up to $100 million worth of its shares within six months, ending August 17, 2026.
The company may repurchase common stock through open market or privately negotiated transactions, subject to market conditions and compliance with securities laws. Management will determine the number of shares to be repurchased and timing at its discretion.
Several factors will influence repurchase decisions, including bitcoin price based on the CME CF Bitcoin Reference Rate - New York Variant, share price, trading volume, market conditions, working capital requirements, and business conditions. The board will periodically review the program and may adjust its terms or size.
GD Culture Group is a Nevada-based company that operates primarily through subsidiaries AI Catalysis Corp. and Shanghai Xianzhui Technology Co., Ltd. The company focuses on AI-driven digital human technology and live-streaming e-commerce business, with plans to enter the livestreaming market through its U.S. subsidiary AI Catalysis.
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