DDC Enterprise Announces Proposed Public Offering of DDC SAVOR 13.5% Perpetual Preferred Series A Shares

The preferred shares combine daily cash dividends with conditional Bitcoin-linked bonuses and rank ahead of ordinary shares.

Rhea-AI Summary

DDC Enterprise (NYSE American: DDC) commenced a proposed underwritten public offering of its DDC SAVOR 13.5% Perpetual Preferred Series A Shares. The expected price is $20.00 per share, versus a $25.00 stated value. Separately, signed purchase agreements cover not less than 1,200,000 preferred shares, with expected gross proceeds of not less than approximately $24 million before expenses.

The preferred shares carry annual dividends of $3.375 per share, accruing daily and payable each business day from legally available funds, plus conditional Bitcoin-linked bonuses. They have no scheduled maturity and rank senior to ordinary shares but junior to debt. DDC expects to grant underwriters a 45-day option for up to an additional 15% of shares offered. The public offering remains subject to market and other conditions. DDC may use up to 20% of its gross proceeds to discharge existing convertible notes and will fund a dividend reserve.

2 points · 1 major

MixediHow this balance works

How this balance works

Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

How the balance worksHow Sentiment works

1 major · 7 points

Hollow bars mark forward-looking points. How the balance works

Positive

• Major point. Forward-looking: it has not happened yet and may not happen.Signed registered direct purchase agreements are expected to raise not less than approximately $24 million gross before expenses. 3.1× market cap
• Minor point. Forward-looking: it has not happened yet and may not happen.Convertible-note repayment may receive up to 20% of public-offering gross proceeds, at DDC’s discretion.

Negative

• Major point. Forward-looking: it has not happened yet and may not happen.Preferred-share issuance at $20.00 per share adds claims senior to ordinary shares, with $25.00 stated value.
• Minor point. Forward-looking: it has not happened yet and may not happen.13.5% annual dividends on stated value total $3.375 per share annually; unpaid amounts accrue additional dividends when funds are legally unavailable.
• Minor point. Forward-looking: it has not happened yet and may not happen.Bitcoin-linked bonus dividends could add a maximum aggregate cash payout of $4.00 per preferred share.
• Minor point. Forward-looking: it has not happened yet and may not happen.Dividend reserve funding requires segregated cash sufficient for at least twelve months of daily dividends.
• Minor point. Forward-looking: it has not happened yet and may not happen.Holder redemption rights require stated value plus accrued and unpaid dividends following specified triggering events.

2 minor points

• Minor pointPublic-offering completion remains subject to market and other conditions; timing, size and actual terms are uncertain.
• Minor point. Forward-looking: it has not happened yet and may not happen.Expected 45-day underwriter option covers up to an additional 15% of preferred shares on the same terms.

News Explained

Holders can require redemption after specified events, while DDC may redeem the shares under its own stated schedule.

DDC has commenced, but not completed, its public preferred offering; the share terms require a segregated reserve holding at least twelve months of daily dividends, which remains the company's property and gives holders no lien or security interest.

Before the third anniversary of issuance, DDC may redeem the shares at 105% of stated value plus accrued and unpaid dividends; afterward, it may redeem them at stated value plus accrued and unpaid dividends.

Holders may require redemption at stated value plus accrued and unpaid dividends following a fundamental transaction, delisting, or an uncured breach of DDC's obligations.

The final prospectus supplement is the stated next disclosure of the public offering's final terms.

Key Figures

Public offering price: $20.00 per share Registered direct offering minimum: 1,200,000 shares Registered direct offering stated value: $30 million +5 more

Public offering price

$20.00 per share

Proposed Series A preferred public offering

Registered direct offering minimum

1,200,000 shares

Aggregate minimum purchase under agreements with investors

Registered direct offering stated value

$30 million

Aggregate stated value of the minimum share purchase

Annual dividends

13.5% per annum; $3.375 per share per year

Calculated on the $25.00 stated value; accrues daily

Underwriter option

45 days; up to 15%

Option to purchase additional Series A Preferred Shares on the same terms

Bonus dividends

Up to $4.00 per share

One-time bonuses tied to Bitcoin price thresholds sustained for ten consecutive trading days

Dividend reserve

At least twelve months

Cash held to fund daily dividends

Company redemption price

105% of stated value

Before the third anniversary, plus accrued and unpaid dividends

Key Terms

underwritten public offering, firm commitment basis, registered direct offering, convertible notes, +1 more

5 terms

underwritten public offering financial

"commenced an underwritten public offering"

An underwritten public offering is when a company sells new shares of its stock to the public with the help of a financial firm, called an underwriter. The underwriter agrees to buy all the shares upfront, reducing the company's risk, and then sells them to investors. This process helps companies raise money quickly and confidently from a wide range of buyers.

firm commitment basis financial

"conducted on a firm commitment basis"

An agreement in which an underwriter agrees to buy an entire new stock or bond offering from a company and then resell it to the public, taking full responsibility for any unsold shares. Think of the underwriter as a store that buys all the inventory up front: this guarantees the company gets the money and gives investors certainty the deal will happen, while the underwriter’s risk and pricing choices can affect short‑term share availability and price stability.

registered direct offering financial

"entered into securities purchase agreements"

A registered direct offering is a way for a company to sell new shares of its stock directly to select investors with regulatory approval. This method allows the company to raise funds quickly and efficiently without needing a public auction, similar to offering exclusive access to a limited number of buyers. For investors, it often provides an opportunity to purchase shares at a favorable price, while giving the company immediate access to capital.

convertible notes financial

"repay, redeem or otherwise discharge a portion of existing convertible notes"

Convertible notes are a type of short-term loan that a company receives from investors, which can later be turned into company shares instead of being paid back in cash. They matter to investors because they offer a way to support a company early on while giving the potential to own a stake in its success if the company grows and later raises more funding.

shelf registration statement regulatory

"pursuant to an effective shelf registration statement on Form F-3"

A shelf registration statement is a document a company files with regulators that allows it to sell shares or bonds quickly when it’s a good time to raise money. It’s like having a pre-approved plan ready so the company can act fast without going through lengthy paperwork each time they want to sell, making fundraising more flexible.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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NEW YORK, Nov. 04, 2026 (GLOBE NEWSWIRE) -- DDC Enterprise Limited (NYSE American: DDC) (“DDC” or the “Company”), a global Asian food platform and digital asset treasury company, today announced that it has commenced an underwritten public offering (the “Public Offering”) of its DDC SAVOR 13.5% Perpetual Preferred Series A Shares, par value $0.016 per share and stated value of $25.00 per share (the “Series A Preferred Shares”).

The Public Offering is being conducted on a firm commitment basis. The Series A Preferred Shares are expected to be offered to the public at an offering price of $20.00 per share. The Company also expects to grant to the underwriters of the Public Offering a 45-day option to purchase up to an additional 15% of the Series A Preferred Shares offered in the Public Offering on the same terms and conditions. All of the Series A Preferred Shares in the Public Offering are being offered by the Company. The Public Offering is subject to market and other conditions, and there can be no assurance as to whether or when the Public Offering may be completed, or as to the actual size or terms of the Offering.

In addition to the Public Offering, the Company has also entered into securities purchase agreements with certain institutional and accredited investors to purchase an aggregate of not less than 1,200,000 Series A Preferred Shares, representing an aggregate stated value of $30 million, at an offering price of $20.00 per share (the “Registered Direct Offering”). The gross proceeds from the Registered Direct Offering are expected to be not less than approximately $24 million, before deducting expected offering expenses.

The Series A Preferred Shares will be listed on the NYSE American under the symbol “SVOR.”

Maxim is acting as the sole book-running manager for the Public Offering.

Key Terms of the Series A Preferred Shares

• Dividends. The Series A Preferred Shares will accumulate daily dividends at a rate of 13.5% per annum on the $25.00 stated value, or $3.375 per share per year, accruing daily and payable in cash on each business day, out of funds legally available for payment. If a dividend is not paid because funds are not legally available, additional dividends will accrue on the unpaid amount.
• Bonus dividends. Holders will be entitled to one-time cash bonus dividends of $0.75, $1.25 and $2.00 per share if the price of Bitcoin is at or above $180,000, $250,000 and $350,000, respectively, for ten consecutive trading days, for a maximum aggregate of $4.00 per share.
• Dividend reserve. The Company will maintain a segregated Dividend Reserve Account holding cash sufficient to fund at least twelve months of daily dividends. The Dividend Reserve Account remains the property of the Company and do not create a lien or security interest in favor of holders of Series A Preferred Shares.
• Redemption. The Company may redeem the Series A Preferred Shares at 105% of the stated value, plus accrued and unpaid dividends, before the third anniversary of the issuance date, and at the stated value plus accrued and unpaid dividends thereafter. Holders may require redemption at the stated value plus accrued and unpaid dividends upon a fundamental transaction, a delisting, or an uncured breach of the Company’s obligations under the certificate of designation.
• Ranking. The Series A Preferred Shares are perpetual, have no scheduled maturity, rank senior to the Company’s ordinary shares and are junior to the Company’s existing and future indebtedness.

The Company intends to use the net proceeds from the Public Offering as follows: (a) up to 20% of the gross proceeds, at the Company’s sole discretion, to repay, redeem or otherwise discharge a portion of existing convertible notes; (b) to fund deposits into the Dividend Reserve Account; and (c) for general corporate purposes, which may include the acquisition of Bitcoin and potential mergers and acquisitions.

The Public Offering is being made pursuant to an effective shelf registration statement on Form F-3 (File No. 333-288826), as amended, filed with the U.S. Securities and Exchange Commission (the “SEC”), and declared effective on August 11, 2025. The Public Offering will be made only by means of a prospectus supplement and the accompanying base prospectus that forms a part of the registration statement. The preliminary prospectus supplement and the accompanying base prospectus relating to and describing the terms of the anticipated Public Offering have been filed with the SEC and are available on the SEC’s website at www.sec.gov. Copies of the preliminary prospectus supplement and accompanying base prospectus relating to the Public Offering may also be obtained, when available, by contacting Maxim Group LLC, 300 Park Avenue, 16th Floor, New York, NY 10022, Attention: Syndicate Department, or by telephone at (212) 895-3745 or by email at syndicate@maximgrp.com. Before you invest, you should read the preliminary prospectus supplement and accompanying prospectus, together with the information incorporated therein, for more complete information about DDC and the proposed Public Offering. The final terms of the Public Offering will be disclosed in a final prospectus supplement to be filed with the SEC.

This press release does not constitute an offer to sell, or the solicitation of an offer to buy, these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.

About DDC Enterprise Limited

DDC Enterprise Limited (NYSE American: DDC) is a global Asian food platform and digital asset treasury company. The Company operates a portfolio of leading Asian food brands that generated $39.2 million in fiscal year 2025 revenue with first-time positive Adjusted EBITDA, and it holds one of the largest corporate Bitcoin treasuries among NYSE-listed consumer companies. DDC is led by Founder, Chairwoman, and Chief Executive Officer Norma Chu. For more information, visit www.ddc.xyz.

Caution Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. All statements other than statements of historical fact are forward-looking statements. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “potential,” “continue” or other similar expressions, although not all forward-looking statements contain these identifying words. Examples of forward-looking statements include, without limitation, those relating to the size, timing, pricing, terms and completion of the Public Offering, the listing of the Series A Preferred Shares on the NYSE American, the anticipated use of proceeds from the Public Offering, the commencement of trading of the Series A Preferred Shares and the underwriter’s option to purchase additional Series A Preferred Shares. Forward-looking statements are based on the Company’s current expectations, assumptions and projections regarding future events and are subject to substantial risks, uncertainties and changes in circumstances that are difficult to predict and many of which are beyond the Company’s control. Actual results may differ materially from those expressed or implied by such forward-looking statements as a result of a variety of factors, including, without limitation, market and other conditions affecting the completion of the Public Offering, the satisfaction of customary closing conditions in the Public Offering, the risk that the Public Offering may not be completed on the anticipated terms or at all, fluctuations in the market price of the Company’s securities, changes in applicable laws, regulations and governmental policies, risks relating to the Company’s Bitcoin treasury strategy and the price, liquidity, custody, security and regulatory treatment of Bitcoin and other digital assets, general economic, political and market conditions, and the other risk factors discussed described from time to time in the Company’s filings with the SEC, including in the “Risk Factors” and “Operating and Financial Review and Prospects” sections of the Company’s Annual Report on Form 20-F, Forms 6-K and the preliminary prospectus supplement and the accompanying base prospectus for the Public Offering, each filed with the SEC and available at www.sec.gov. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date of this press release. The inclusion of any forward-looking statement in this press release should not be regarded as a representation by the Company that any future plans, objectives, expectations, events or results will be achieved. Except as required by applicable law, the Company undertakes no obligation to update, revise or otherwise publicly disclose any revision to any forward-looking statement to reflect events or circumstances after the date hereof.

Media & Investor Contacts

Investor and Media Relations:
pr@ddc.xyz

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What are the proposed price and dividend terms of DDC’s SAVOR preferred offering?

DDC expects to offer the preferred shares at $20.00 per share, with dividends of $3.375 per share per year. The annual rate is 13.5% on the $25.00 stated value. Dividends accrue daily and are payable in cash each business day from legally available funds.

What Bitcoin prices trigger DDC SAVOR preferred-share bonus dividends?

One-time cash bonuses of $0.75, $1.25 and $2.00 per share are triggered if Bitcoin is at or above $180,000, $250,000 and $350,000, respectively, for ten consecutive trading days. The maximum aggregate bonus is $4.00 per share.

When can DDC or holders redeem the SAVOR preferred shares?

DDC may redeem at 105% of stated value before the third anniversary of issuance and at stated value thereafter, plus accrued and unpaid dividends in either case. Holders may require redemption at stated value plus accrued and unpaid dividends upon a fundamental transaction, delisting, or an uncured breach of obligations under the certificate of designation.

Does DDC’s SAVOR dividend reserve give preferred shareholders security over the cash?

The Dividend Reserve Account does not create a lien or security interest for preferred shareholders. DDC will maintain segregated cash sufficient to fund at least twelve months of daily dividends, but the account remains the company’s property.