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GD Culture Group Limited (NASDAQ:GDC) shares are trading higher on Friday. The move follows a massive 97% sell-off earlier this week. Investors are now eyeing a potential floor for the volatile micro-cap.
Nasdaq futures are up 0.74% while S&P 500 futures have gained 0.41%.
• GD Culture Group shares are climbing with conviction. Why is GDC stock surging?
Special Committee Formed
On Wednesday, the board of directors announced a special committee of three independent directors. Lei Zhang, Yun Zhang and Shuaiheng Zhang will lead the group. They will evaluate a preliminary non-binding proposal received on May 1.
Private Buyout Proposal
A consortium including Wealthy Concord Limited and …
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