New York, June 16, 2026, 19:05 (EDT)
- GD Culture Group ended regular trading off more than 73%, at roughly 3 cents a share, and was still active after the bell.
- May’s non-binding $10.75-a-share take-private bid is still the last confirmed company catalyst.
- Traders are looking at thin liquidity, high risk. There’s deal uncertainty, a major share sale program, and bitcoin swings on the balance sheet.
GD Culture Group Ltd. crashed 73.3% to $0.028 Tuesday, with volume over 11 times normal as the Nasdaq-listed AI and digital asset stock slid. Shares were last seen at about $0.032 after hours, according to Google Finance.
The selloff is putting new pressure on GDC’s still-open $10.75 per share buyout proposal. That deal is only preliminary and non-binding, so the bidders don’t have to stick with it. GDC has said there’s no guarantee they’ll sign anything final or actually close on the deal.
No new announcement appeared on GDC’s investor-relations site Tuesday. The page listed only releases from May 6, May 5 and April 29. Both May statements dealt with the buyout offer and the creation of a special committee.
GDC said its board set up a special committee made up of three independent directors — Lei Zhang, Yun Zhang and Shuaiheng Zhang — on May 6 to look at the bid from Wealthy Concord Ltd. and East Valley Technology Ltd. According to the company’s previous announcement, the two bidders together held roughly 9.2% of GDC shares as of April 10.
Dilution is on the table too. GDC made an at-the-market issuance sales pact in late April, tapping Univest Securities to move up to $300 million in stock. The deal lets the company sell shares into the market as it chooses. These programs can pull in cash, but as new shares come out, current holders can get diluted.
The balance sheet is more confusion for investors. GDC’s first-quarter filing put the fair value of its bitcoin at about $501 million at the end of March. The company booked a net loss of $164.1 million for the quarter, mostly from paper losses on its digital assets. The same filing lists just $16,805 in bank accounts and a working-capital deficit of around $1.7 million at quarter’s close.
GDC dropped much harder than some of the bigger crypto-treasury names. Strategy Inc. slid 6.3%, Trump Media & Technology Group was off 3.3%, and bitcoin slipped about 0.6% late Tuesday, market data showed.
GDC is moving to position itself as an AI content firm, not just a bitcoin play. In April, Chairman and CEO Xiaojian Wang described the launch of the Fato interactive novel app as a “proud and defining moment,” saying the product blended AI with storytelling. Nasdaq
The trade isn’t all upside. The buyout offer might get turned down, changed or dropped. There could be trouble getting financing. New shares sold through the at-the-market plan may pressure the stock. After-hours trading is thin, so price swings can get sharper with less volume than during regular hours.
Sessions run up to a Friday closure for Juneteenth, with Nasdaq confirming U.S. stock markets will be closed. Unless GDC updates investors about the bid, new financing or any share sales, the stock is expected to move mainly on order flow, with little fresh fundamental news giving direction.
