Pop Culture Group Prices $8 Million Direct Offering at $0.15 Share
CPOP•Pop Culture Group Co., Ltd has agreed to sell 53,333,333 Class A shares or pre-funded warrants at $0.15 each, raising approximately $8 million before fees. The registered direct offering is expected to close around June 15, 2026, subject to customary conditions, with Univest Securities as placement agent.
1. Offering Details
Pop Culture Group has entered into an agreement to sell 53,333,333 Class A Ordinary Shares or pre-funded warrants at $0.15 each, generating approximately $8 million in gross proceeds before fees.
2. Closing Timeline and Agent
The registered direct offering is expected to close on or about June 15, 2026, subject to customary closing conditions, with Univest Securities, LLC serving as the sole placement agent.
3. Company Background
Headquartered in Xiamen, China, Pop Culture Group operates entertainment events, online programs, event planning, and brand promotion services focused on Chinese pop culture for a young audience.
4. Registration Mechanics
The offering is being made under a shelf registration statement on Form F-3 declared effective February 9, 2026, with terms to be detailed in a final prospectus supplement.
