TechFlow, September 16 — According to Globenewswire, GD Culture Group Limited (Nasdaq: GDC) announced on September 10 the signing of a share exchange agreement to acquire 100% of the issued and outstanding shares of Pallas Capital Holding Ltd., a British Virgin Islands company.
Under the agreement, GDC will issue 39,189,344 ordinary shares to obtain all assets of Pallas Capital, including 7,500 Bitcoin (BTC), free of any encumbrances. The company has obtained shareholder approval for the stock issuance in accordance with Nasdaq Listing Rule 5635(d).
GDC Chairman and CEO Xiaojian Wang stated that this acquisition marks significant progress in the company's digital asset treasury strategy, building a robust and diversified portfolio of crypto assets by acquiring scalable, high-value digital assets. The transaction aims to strengthen the company's reserve holdings and establish a stronger presence within the expanding decentralized finance (DeFi) ecosystem.
