Pop Culture Group Co., Ltd (NASDAQ: CPOP) announced it has entered into a securities purchase agreement with an institutional investor for a registered direct offering of 53,333,333 Class A Ordinary Shares at $0.15 per share.

The Chinese pop culture company expects to receive approximately $8 million in gross proceeds before deducting placement agent fees and other offering expenses. The offering is expected to close on or about June 15, 2026, subject to customary closing conditions.

Univest Securities, LLC is serving as the sole placement agent for the offering. The shares are being offered through a shelf registration statement on Form F-3 that was filed with the Securities and Exchange Commission on January 27, 2026, and declared effective on February 9, 2026.

The offering includes the option for pre-funded warrants in lieu of shares, with each warrant entitling the holder to purchase one share. The company is headquartered in Xiamen, China, and focuses on promoting Chinese pop culture while fostering cultural exchanges between the United States and China.

Pop Culture Group operates Chinese pop culture online programs, provides event planning services, and offers brand promotion services to corporate clients. The company has been developing and hosting its own Chinese pop culture events in recent years, targeting younger audiences.