New York, June  15, 2026  (GLOBE NEWSWIRE) -- Univest Securities, LLC (&#34;Univest&#34;), a member of FINRA and SIPC, and a full-service investment bank and securities broker-dealer firm based in New York, today announced the

CPOP

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

Univest closes $8 million direct offering for CPOP at $0.15

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>New York, June  15, 2026  (GLOBE NEWSWIRE) -- Univest Securities, LLC (&amp;#34;Univest&amp;#34;), a member of FINRA and SIPC, and a full-service investment bank and securities broker-dealer firm based in New York, today announced the</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Univest Securities announced the closing of an $8 million registered direct offering for Pop Culture Group Co., Ltd (CPOP) at $0.15 per share, issuing about 53.33 million Class A ordinary shares or pre-funded warrants to a new institutional investor. The financing, filed under Form F-3, introduces dilution and near-term stock pressure but provides capital for growth initiatives.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Univest closes $8M offering for CPOP. Institutional investor participates.</li><li>53,333,333 Class A shares or pre-funded warrants at $0.15.</li><li>Aggregate gross proceeds $8 million; placement agent Univest.</li><li>Shelf registration Form F-3; effective Feb 9, 2026.</li><li>Pop Culture Group Co., Ltd is a Chinese pop culture company; NASDAQ: CPOP.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Pop Culture Group Co., Ltd (CPOP)</strong>: China-based pop culture company; financing supports operations and growth.</li><li><strong>Univest Securities, LLC (UNVST)</strong>: Sole placement agent; facilitating an $8M offering and earning fees.</li><li><strong>Institutional investor (unnamed) (N/A)</strong>: New fundamental investor; approximately 53.33M shares to be purchased; stake undisclosed.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>Category: Corporate Developments. It documents a direct equity offering financing for a listed, China-based issuer, signaling immediate dilution but potential capital for strategic initiatives.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>53.33 million new shares or pre-funded warrants dilute current holders.</li><li>Offering price of $0.15 could trigger near-term price pressure.</li><li>Securities filing under Form F-3 indicates shelf availability.</li><li>Univest is sole placement agent; timing of funds deployment uncertain.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Offering size: approx $8 million gross.</li><li>Share count: 53,333,333 Class A ordinary shares or pre-funded warrants.</li><li>Offering price: $0.15 per share.</li><li>Shelf registration: Form F-3 filed Jan 27, 2026; SEC effective Feb 9, 2026.</li><li>Date: June 15, 2026 press release.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Near-term dilution pressure likely; watch price reaction and capital deployment.</p>
  </section>
</section>


<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p align="justify">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:<a class="ticker" href="https://www.benzinga.com/quote/CPOP">CPOP</a>) (the "Company"), a China-based pop culture company.</p>  <p align="justify">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&#39;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.</p>  <p align="justify">The aggregate gross proceeds to the Company were $8 million, before deducting the placement agent&#39;s fees and other estimated offering expenses.</p>  <p align="justify">Univest Securities, LLC acted as the sole placement agent.</p>  <p align="justify">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&#39;s website located at <a href="https://www.globenewswire.com/Tracker?data=YWWem_DNeap-kINiUdSm4zj2zomg8pTbREgDNEDJg-CLdWq_LJFbwtbOs4sWMvUFN6vIPwuY7dx_isLW-_uzDQ==" rel="nofollow" target="_blank">www.sec.gov</a>. Electronic copies of the final prospectus supplement and the accompanying prospectus may be obtained, by contacting Univest Securities, LLC at <a href="https://www.globenewswire.com/Tracker?data=EQ8i4A81uZ5u-TowOC8OpTn8p0DVlb5DShWCiqGQPot7ujcaEFQd4mvC-X4v5mRrydNEqhKeZy1R7LoiNQCrlKsVkV4c12PSEXbHqRSsA2qTS3-Fe2ijMo8o4gjkW_5pvPOAA00h_PVVdj0URtXBVK-omrEDREp6UJZ2r0o0kSUOL3X7OpwzfRqkRf1DXePiSAjQ7d7Eoy8m4PCbowd96tulT-xrWmZNbM-LqWX_Nfs=" rel="nofollow" target="_blank">info@univest.us</a>, or by calling +1 (212) 343-8888.</p>  <p align="justify">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 prospectus supplement relating to the registered direct offering, together with the accompanying base prospectus, can be obtained at the SEC&#39;s website at <a href="https://www.globenewswire.com/Tracker?data=YWWem_DNeap-kINiUdSm43xfxNMYtIwV6CotwyMmtsVsrOmOxFqRKYX4fw5OgUfZSWgR7x5AgwKvpu8xRAXJmA==" rel="nofollow" target="_blank">www.sec.gov</a>.</p>  <p align="justify"><b>About Univest Securities, LLC</b></p>  <p align="justify">Registered with FINRA since 1994, Univest Securities, LLC provides a wide variety of financial services to its institutional and retail clients globally, including brokerage and execution services, sales and trading, market making, investment banking and advisory, and wealth management. It strives to provide clients with value-added service and focuses on building long-term relationships with its clients. As a prominent name on Wall Street, Univest has successfully raised over $1.8 billion in capital for issuers across the globe since 2019 and has completed approximately 100 transactions spanning a wide array of investment banking services in various industries, including technology, life sciences, industrial, consumer goods, etc. For more information, please visit: <a href="https://www.globenewswire.com/Tracker?data=ZF3nPsiOGw809pRRJT6_przDhsOEjKW_EYCG8hcCrzph7fjM2VFbVHtLqxbrJp6yt_sUvcHZnrBvEROoBk0YpA==" rel="nofollow" target="_blank">www.univest.us</a>.</p>  <p align="justify"><b>About Pop Culture Group Co., Ltd</b></p>  <p align="justify">Pop Culture Group Co., Ltd is a Chinese pop culture company headquartered in Xiamen, China. The Company aims to promote Chinese pop culture and its values while fostering cultural exchanges between the United States and China. With the values of Chinese pop culture at its core and the younger generation as its primary target audience, the Company hosts entertainment events, operates Chinese pop culture online programs, and provides event planning and execution services and brand promotion services to corporate clients. In recent years, the Company has focused on developing and hosting its own Chinese pop culture events. For more information, visit the Company&#39;s website at <a href="https://www.globenewswire.com/Tracker?data=7ftyIGUc6cCmyxfQGkepU6XqkUmDnYJ4gJLPfJ3O_2X34Q_OqetPkSwl-UciahC5dt2lPnyKuAuNWzXsEWoOJA==" rel="nofollow" target="_blank">http://ir.cpop.cn/</a>.</p>  <p><b><i>Forward-Looking Statements</i></b></p>  <p align="justify"><i>This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may, "will, "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks, including, but not limited to, the uncertainties related to market conditions and the completion of the initial public offering on the anticipated terms or at all, and other factors discussed in the "Risk Factors" section of the registration statement filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at </i><a href="https://www.globenewswire.com/Tracker?data=YWWem_DNeap-kINiUdSm48qYC61zwBs8q8mHGTOV2sa9DWjvU1UIzFkQNAoAXTsaFkIYi0aUnupGdSakF01kwQ==" rel="nofollow" target="_blank"><i>www.sec.gov</i></a><i>. Univest Securities LLC and the Company undertake no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.</i></p>  <p><b>For more information, please contact:</b></p>  <p><b>Univest Securities, LLC</b><br></br><b>Edric Guo</b><br></br><b>Chief Executive Officer</b><br></br>75 Rockefeller Plaza, Suite 25A<br></br>New York, NY 10019<br></br>Phone: (212) 343-8888<br></br>Email: <a href="https://www.globenewswire.com/Tracker?data=EQ8i4A81uZ5u-TowOC8OpYycUYjFk5kVmUzb_aN9anPfFhM2Kp1kdqJFVFuJmLU08iFExo7qK5wEcS4GMhEtcI6frZWiZVbaNvVSpUpLtV4=" rel="nofollow" target="_blank">info@univest.us</a></p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTc0NzQwMiM3NjYzMDU1IzUwMDA2NDE0MQ=="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/Y2ZiMDRkNmUtZDY0MS00ZTgzLWI4MTYtZTY1NjFlMmVhMGFiLTUwMDA2NDE0MS0yMDI2LTA2LTE1LWVu/tiny/Univest-Securities-LLC.png" referrerpolicy="no-referrer-when-downgrade"></img><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/95d59530-44ca-4b55-88e9-cedd25bb8a27"><img src="https://ml.globenewswire.com/media/95d59530-44ca-4b55-88e9-cedd25bb8a27/small/original-c18b5644-fc79-4f22-9707-e0974b74e3d3-jpg.jpg" border="0" width="150" height="46" alt="Primary Logo"></img></a></p>

Univest Securities announced the closing of an $8 million registered direct offering for Pop Culture Group Co., Ltd (CPOP) at $0.15 per share, issuing about 53.33 million Class A ordinary shares or pre-funded warrants to a new institutional investor. The financing, filed under Form F-3, introduces dilution and near-term stock pressure but provides capital for growth initiatives.

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

AI Summary

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Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

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