Univest Securities, LLC Announces Closing of $8 Million Registered Direct Offering for its Client Pop Culture Group Co., Ltd (NASDAQ: CPOP)

New York, June 15, 2026 (GLOBE NEWSWIRE) -- Univest Securities, LLC ("Univest”), a member of FINRA and SIPC, and a full-service investment bank and securities broker-dealer firm based in New York, today announced the closing of a registered direct offering (the "Offering”) of approximately $8 million for its client Pop Culture Group Co., Ltd (NASDAQ: CPOP) (the "Company”), a China-based pop culture company. Under the terms of the securities purchase agreement, the Company has agreed to sell to a new fundamental institutional investor an aggregate of approximately $8.0 million of the Company's securities, including 53,333,333 Class A ordinary shares or pre-funded warrants in lieu thereof, at an offering price of $0.15 per share in the Offering. The aggregate gross proceeds to the Company were $8 million, before deducting the placement agent's fees and other estimated offering expenses. Univest Securities, LLC acted as the sole placement agent. The registered direct offering was made pursuant to a shelf registration statement on Form F-3 (File No. 333-292982) previously filed by the Company on January 27, 2026 and declared effective by the U.S. Securities and Exchange Commission (the "SEC”) on February 9, 2026. A final prospectus supplement and accompanying prospectus describing the terms of the proposed offering were filed with the SEC and are available on the SEC's website located at www.sec.gov. Electronic copies of the final prospectus supplement and the accompanying prospectus may be obtained, by contacting Univest Securities, LLC at info@univest.us, or by calling +1 (212) 343-8888. This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sales of such securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. Copies of the...