DDC Enterprise completes $124 million financing, led by PAG Pegasus Fund, OKG, and others

DDC Enterprise Limited (NYSE: DDC), a company listed on the New York Stock Exchange, has completed a $124 million equity financing, led by PAG Pegasus Fund, OKG Financial Services Limited (a subsidiary of OKG Technology Holdings Limited), and Mulana Investment Management. DDC's founder, chairman, and CEO Zhu Jiaying personally invested $3 million.

It is reported that almost all the capital participating in this financing round (including the founder's investment) has committed to lock up their shares for 180 days from the completion of the transaction to support the execution of DDC's Bitcoin treasury strategy.