Overview

• GD Culture Group plans to raise up to $300 million via a stock sale to purchase Bitcoin and President Trump's $TRUMP memecoin, confirmed in a May 13 SEC filing.
• The company faces a Nasdaq delisting warning due to reporting just $2,643 in stockholders' equity, far below the $2.5 million required for listing compliance.
• The stock purchase agreement involves an undisclosed investor in the British Virgin Islands, a jurisdiction known for maintaining confidentiality.
• Ethics experts have flagged concerns over foreign influence and potential conflicts of interest, as profits from $TRUMP directly benefit the Trump family.
• GD Culture Group, a Nasdaq-listed microcap with only eight employees and no revenue in 2024, would be the first known China-linked firm to acquire $TRUMP as a treasury asset.