GD Culture Group (GDC) Stock Surges Over 31% Overnight: Why Is It Moving?
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GD Culture Group (GDC) shares surged 31.52% in after-hours trading following the announcement of a special committee to review a preliminary non-binding acquisition proposal from Wealthy Concord Limited and East Valley Technology Limited, offering $10.75 per share. The committee, comprising three independent directors, can hire legal and financial advisors. However, no definitive agreement has been signed, and the transaction may not be completed. GDC has a market cap of $9.17 million and has seen a significant decline of 93.68% over the past year.
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