Pop Culture Group Sets $8 Million Registered Direct Offering

Xiamen-based Pop Culture Group Co., Ltd (NASDAQ: CPOP) is raising $8 million through a registered direct offering. The company has entered into a purchase agreement with a new fundamental institutional investor to sell over 53 million Class A ordinary shares, pricing each unit at $0.15.

The transaction involves the sale of 53,333,333 shares or pre-funded warrants, with each warrant providing the right to purchase one share. Univest Securities, LLC is serving as the sole placement agent for the deal. The company expects the offering to close on or about June 15, 2026, provided that customary closing conditions are met.

Proceeds from the sale are estimated at $8 million before accounting for placement fees and related expenses. The offering is being conducted under a shelf registration statement on Form F-3, which was previously declared effective by the U.S. Securities and Exchange Commission on February 9, 2026. Detailed terms of the transaction will be outlined in a final prospectus supplement available through the SEC website.