NEW YORKJune 16, 2026 /PRNewswire/ — Univest Securities, LLC, a member of FINRA and SIPC, headquartered in New York and a full-service investment bank and securities broker-dealer, today announced the completion of a registered direct offering (the “Offering”) for its client Pop Culture Group Co., Ltd (NASDAQ: CPOP) (the “Company”), a China-based pop culture company, raising approximately $8 million.
Pursuant to the terms of the securities purchase agreement, the Company has agreed to sell to a new fundamental-oriented institutional investor an aggregate of approximately $8 million in Company securities, consisting of 53,333,333 Class A ordinary shares, or pre-funded warrants in lieu thereof, at an offering price of $0.15 per share.
The gross proceeds to the Company from the Offering amount to $8 million (before deducting placement agent fees and other estimated offering expenses).
Univest Securities, LLC acted as the sole placement agent for the Offering.
This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Univest Securities, LLC
Univest Securities, LLC has been registered with FINRA since 1994, providing a wide range of financial services to its global institutional and retail clients, including brokerage and execution services, sales and trading, market making, investment banking and advisory, and wealth management. It is committed to delivering value-added services to its clients and focuses on building long-term relationships with them. As a well-known institution on Wall Street, Univest Securities has successfully raised over $1.8 billion for global issuers and completed approximately 100 transactions covering a variety of investment banking services since 2019, spanning industries such as technology, life sciences, industrials, and consumer goods. For more information, please visit: www.univest.us.
About Pop Culture Group Co., Ltd
Pop Culture Group Co., Ltd is a China-based pop culture company headquartered in Xiamen, China. The Company is dedicated to promoting Chinese pop culture and its values, while fostering cultural exchange between China and the United States. Centered on the values of Chinese pop culture and targeting the younger generation as its primary audience, the Company organizes entertainment events, operates online Chinese pop culture programs, and provides event planning and execution services as well as brand promotion services for corporate clients. In recent years, the Company has focused on developing and hosting its own Chinese pop culture events. For more information, please visit the Company’s website: http://ir.cpop.cn/.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements about plans, objectives, strategies, future events or performance, and underlying assumptions and other statements that are not historical facts. When the Company uses words such as “may,” “will,” “intends,” “should,” “believes,” “expects,” “anticipates,” “projects,” “estimates,” or similar expressions (which are not solely related to historical matters), these are forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that could cause actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks, including but not limited to uncertainties related to market conditions and whether the initial public offering will be completed on the expected terms or at all, as well as other factors discussed in the “Risk Factors” section of the registration statement filed with the U.S. Securities and Exchange Commission. For these reasons, investors should not place undue reliance on any forward-looking statements in this press release. Other factors are discussed in the Company’s filings with the U.S. Securities and Exchange Commission, available at www.sec.gov. Univest Securities and the Company undertake no obligation to publicly revise these forward-looking statements to reflect events or circumstances occurring after the date of this press release.
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