After announcing that it had received a preliminary non-binding privatization proposal of $10.75 per share, GD Culture Group Limited (GDC) saw its stock price rise by 5.1% in pre-market trading, closing at $5.20.

This acquisition offer represents a significant premium over the current share price, demonstrating the acquirer's confidence in the company's future value. The privatization proposal is still at a non-binding stage, which means the terms of the deal may be adjusted as negotiations progress. Market observers noted that this move may rekindle investor attention towards the wave of privatizations among Chinese concept stocks. The company's board stated it would evaluate the proposal but has not made any decisions regarding the transaction timeline or final outcome.