DDC Enterprise Limited Secures $124 Million in Equity Financing
DDC Enterprise Limited, a publicly traded entity on the NYSE under the ticker symbol DDC, has successfully secured $124 million in equity financing. The shares were issued at $10 each, closely aligning with the stock’s average closing price over the previous 15 days, and marking a 16% increase compared to its price on October 4th.
Key Investors and Leadership Commitment
Leading the financing effort were prominent investors such as PAG Pegasus Fund, OKG Financial Services Limited—part of OKG Technology Holdings Limited—and Mulana Investment Management. In a show of personal commitment, the company’s founder, Chairman, and CEO Jia Ying Zhu invested $3 million of his own funds, reinforcing his belief in the company’s prospects for generating long-term value.
Investor Confidence and Future Plans
Moreover, the investor group has largely agreed to a 180-day lock-up period, thus underscoring their confidence in DDC’s strategic plans and future growth. The capital raised is earmarked to bolster DDC’s strategy regarding its Bitcoin Treasury and to enhance its stature within the institutional Bitcoin treasury sector on a global scale.
