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GD Culture Group stock crashes 98% after buyout proposal

2026-05-22 08:52:03

Abstract generation in progress

GD Culture Group shares fell about 98% from an $8.18 spike to below $0.10 after the company published a non-binding proposal to go private at $10.75 per share. The Nasdaq-listed company had earlier disclosed a $300 million stock purchase agreement for a crypto treasury strategy that included BTC and TRUMP. GDC's Q1 2026 report showed less than $50,000 in cash and a $1.7 million working capital deficit.

BTC-2.46%

TRUMP-1.16%

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