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Loeb Advises Pop Culture Co., Ltd in $8 Million Registered Direct Offering

Loeb & Loeb represented Pop Culture Co., a cultural industry operation enterprise focused on the industrialization of Chinese pop culture, in its $8 million registered direct offering.

The offering consisted of 53,333,333 Class A ordinary shares (or, in lieu thereof, pre-funded warrants) at a purchase price of $0.15 per share, for aggregate gross proceeds of approximately $8 million, before deducting placement agent fees and other offering expenses. 

The Loeb team included Lawrence Venick, managing partner of the firm’s Hong Kong and Beijing offices, and Capital Markets associate Rongwei Xie.

For more information, please see Pop Culture Co.’s press release