---
title: "GD Culture Group (GDC) Stock Surges Over 31% Overnight: Why Is It Moving?"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285670843.md"
description: "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."
datetime: "2026-05-08T05:46:18.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285670843.md)
  - [en](https://longbridge.com/en/news/285670843.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285670843.md)
---

# GD Culture Group (GDC) Stock Surges Over 31% Overnight: Why Is It Moving?

**GD Culture Group Ltd.** (NASDAQ:GDC) jumped 31.52% to $0.20 in after-hours trading Friday after the Nevada-based holding company announced that its board of directors has formed a special committee consisting of three disinterested, independent directors to evaluate and consider the preliminary non-binding proposal letter received on May 1.

## What You Need To Know?

According to GD Culture Group’s Wednesday press release, the bid came from investment entities **Wealthy Concord Limited** and **East Valley Technology Limited**, offering $10.75 per share in cash.

The Special Committee, consisting of **Lei Zhang, Yun Zhang** and **Shuaiheng Zhang**, has the authority to hire independent legal and financial advisors. The company also noted that no definitive agreement has been signed and cautioned that the proposed transaction may not be approved or completed.

GD Culture Group is shifting its focus toward becoming an AI-driven digital human technology company.

## Trading Metrics, Technical Analysis

GD Culture Group has a market capitalization of $9.17 million, with a 52-week high of $9.92 and a 52-week low of $0.14.

The stock has a Relative Strength Index (RSI) of 30.57.

Over the past 12 months, GDC has dropped 93.68%.

The small-cap stock is currently trading close to its annual low.

**Price Action:** According to Benzinga Pro data, the stock closed the regular session at $0.15, down 87.82%.

**Benzinga’s Edge Stock Rankings** indicate GDC stock has a negative price trend across all time frames.

_Photo: Champ008 / Shutterstock_

**Disclaimer:** This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

**Read Also: Mercado Libre (MELI) Stock Is Trending Overnight: Here's What You Should Know**

### Related Stocks

- [GDC.US](https://longbridge.com/en/quote/GDC.US.md)
- [MELI.US](https://longbridge.com/en/quote/MELI.US.md)

## Related News & Research

- [GD Culture Group Limited (NASDAQ:GDC) Short Interest Update](https://longbridge.com/en/news/272993015.md)
- [ZHANG Binyang Leads Take-Private Bid at GD Culture Group with 9.2% Stake](https://longbridge.com/en/news/285233639.md)
- [Is It Too Late To Consider General Dynamics (GD) After A 102% Five-Year Gain?](https://longbridge.com/en/news/285799018.md)
- [GD Culture Group Receives Take-Private Proposal, Forms Committee](https://longbridge.com/en/news/285391671.md)
- [Eco Wave Power trims Q1 costs and expands global wave energy footprint while targeting AI-driven power demand](https://longbridge.com/en/news/285564599.md)