Here is the timeline with confirmed facts only.
April 28 2025. GDC signs a 300 million USD equity purchase agreement. Counterparty identified in DEF 14A proxy as Vista Frontier Investments Limited, a British Virgin Islands entity.
May 2 2025. GDC closes a 5.5 million USD PIPE at 0.524 USD per share through Univest Securities.
May 12 2025. GDC announces plans to purchase 300 million USD in Bitcoin and OFFICIAL TRUMP tokens. No TRUMP tokens appear on any subsequent balance sheet.
June 30 2025. Pallas Capital Holding Ltd incorporated in the British Virgin Islands.
September 10 2025. GDC acquires Pallas Capital in exchange for 39,189,344 newly issued shares. GDC's own filing describes this as a related party transaction. Yan Wang and Qing Wang are identified as Pallas Capital directors who held GDC shares simultaneously. Form 4 filings for both were not submitted on time.
October 27 2025. GDC closes a 2.8 million USD PIPE at 2.10 USD per share through Univest Securities.
March 18 2026. DEF 14A proxy filed. Admits Form 4 violations for Yan Wang and Qing Wang. Lei Zhang, Yun Zhang, and Shuaiheng Zhang constitute the entire independent governance structure including the special committee.
March 30 2026. Annual meeting. 30,606,330 shares voted, representing 50.37 percent of 60,759,711 shares outstanding as of the March 4 2026 record date. The Schedule 13D filed May 5 2026 discloses only 9.2 percent consortium ownership.
April 6 2026. Nevada Annual List filed. Xiaojian Wang listed simultaneously as President, Treasurer, Director, and Secretary. Address on filing: 20 W 53rd St Apt 46A, New York, NY 10012. Salary per proxy: 50,000 USD per year.
April 10 2026. Last publicly reported share count: 60,759,711. Source: Q1 2026 10-Q.
April 11 2026. Q1 2026 10-Q filed. Describes Qing Wang as unaffiliated with the company despite her disclosed 7.28 percent beneficial ownership and Pallas Capital directorship confirmed in the September 2025 8-K.
April 28 2026. GDC signs a 300 million USD at the market equity agreement through Univest Securities as sales agent. Counterparty identity not confirmed in any public document reviewed.
May 1 2026. Non-binding going private proposal announced at 10.75 USD per share. No committed financing disclosed.
May 5 2026. Stock reaches 8.18 USD.
May 6 to May 8 2026. Stock declines 97 percent to approximately 0.11 USD. Volume exceeds 470 million shares against a 3.9 million share daily average. No material adverse event disclosed by the company.
May 13 2026. Xiaojian Wang files Certificate of Change and Amended and Restated Articles of Incorporation with the Nevada Secretary of State. Per the Certificate of Change: authorized common shares before the change were 10,000,000,000. Authorized common shares after the change were 40,000,000. Approximately 639,606 fractional shares of common stock to be issued in connection with the reverse split. Effective date: May 25 2026. Stockholder approval obtained: 83.72 percent. Signed by Xiaojian Wang as CEO on May 13 2026.
May 21 2026. Xiaojian Wang signs and files termination of the May 13 amendment with the Nevada Secretary of State. The board statement reads: the Board of Directors has determined it is in the best interests of the company and its stockholders to rescind and abandon the proposed amendment and to postpone a 250 for 1 reverse stock split of its capital stock prior to its effective date. No 8-K filed with the SEC. No notification made to Nasdaq under Rule 5250b.
May 22 2026. John Thomas Corley files Schedule 13G disclosing 3,042,069 shares, precisely 5.000 percent of 60,759,711 shares outstanding as of April 10 2026. FINRA registered under CRD number 1370495.
Present. GDC has not publicly disclosed the current share count. GDC has not filed an 8-K regarding the Nevada amendment or its termination. GDC has not publicly identified an independent Bitcoin custodian. The going private offer remains non-binding with no committed financing disclosed. The Q1 2026 10-Q is the last public financial filing.
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