SEC Form 6-K filed by Pop Culture Group Co. Ltd
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of July 2025
Commission File Number: 001-40543
Pop Culture Group Co., Ltd
3rd Floor, No. 168 Fengqi Road
Jimei District, Xiamen City, Fujian Province
The People’s Republic of China
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Form 20-F ☒ Form 40-F ☐
On July 4, 2025, Pop Culture Group Co., Ltd, a Cayman Islands company (the “Company”), entered into certain subscription agreements (the “Subscription Agreements”) with 10 investors (the “Subscribers”). Pursuant to the Subscription Agreements and in reliance on Rule 902 of Regulation S (“Regulation S”) promulgated under the Securities Act of 1933, as amended (the “Securities Act”), the Company agreed to sell and the Subscribers agreed to purchase an aggregate of 50,000,000 Class A ordinary shares, par value $0.01 per share, of the Company (“Class A Ordinary Shares”) at a price of $0.50 per Class A Share; and an aggregate of 10,000,000 Class B ordinary shares, par value $0.01 per share, of the Company (“Class B Ordinary Shares”) at a price of $0.55 per Class B Share (collectively, the “Private Placement”). The Subscribers represented that they were not residents of the United States and were not “U.S. persons” as defined in Rule 902(k) of Regulation S and were not acquiring the Ordinary Shares for the account or benefit of any U.S. person.
The Private Placement closed on July 8, 2025 and received gross proceeds of $30.5 million. The Class A Ordinary Shares and Class B Ordinary Shares issued in the Private Placement are not subject to the registration requirements of the Securities Act, pursuant to Regulation S promulgated thereunder. The management of the Company will have sole and absolute discretion concerning the use of the proceeds from the Private Placement.
The foregoing description of the Subscription Agreements does not purport to be complete and is qualified in its entirety by reference to the full text of the Subscription Agreements. A copy of the form of such Subscription Agreement is attached hereto as Exhibits 10.1 and 10.2, respectively, and is incorporated herein by reference.
EXHIBIT INDEX
Exhibit No. | Description | |
10.1 | Form of Subscription Agreement in respect of the Company’s Class A Ordinary Shares | |
10.2 | Form of Subscription Agreement in respect of the Company’s Class B Ordinary Shares |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Pop Culture Group Co., Ltd | ||
Date: July 9, 2025 | By: | /s/ Zhuoqin Huang |
Name: | Zhuoqin Huang | |
Title: | Chief Executive Officer |
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