DDC Enterprise Limited filings document foreign private issuer reports on operating results, treasury activities, capital structure and governance. The company's Form 6-K disclosures furnish earnings releases, investor presentations and updates on the Bitcoin treasury strategy, including the DDC Treasury Intelligence Platform and related management-analysis framework.
The filing record also covers material definitive agreements for ordinary-share and senior convertible preferred-share issuances, lock-up and registration-rights arrangements, Class A and Class B ordinary share matters, advisory board appointments and legal-function changes. These records connect DDC's consumer food operations, digital asset treasury activity and financing program to formal SEC disclosure.
DDC Enterprise Limited is conducting an underwritten offering of DDC SAVOR 13.5% Perpetual Preferred Series A Shares. The shares have a $25.00 stated value and cumulative cash dividends at 13.5% annually ($3.375 per share annually), accruing daily and payable each business day subject to applicable law and legally available funds. They have no maturity or conversion rights and provide Bitcoin-price-triggered bonus dividends of up to $4.00 per share.
Separately, investors have agreed to buy 1,200,000 shares in a concurrent registered direct offering at $20.00 per share, for $24,000,000 in gross proceeds, subject to the purchase agreement. The underwritten offering's closing depends on the direct offering closing and evidence of receipt of its gross proceeds; the direct offering also requires the sale of at least 200,000 shares in the underwritten offering. NYSE American listing approval is a closing condition; if approved, trading is expected within 30 days after first issuance.
Proceeds are intended for Dividend Reserve Account deposits and general corporate purposes, including bitcoin acquisitions and potential merger and acquisition activity. At the Company's sole discretion, up to 20% of gross proceeds may be used to repay, redeem, or otherwise discharge Convertible Notes issued and issuable to the Anson Parties. The shares rank senior to ordinary shares but junior to indebtedness, and have limited voting and specified event-based redemption rights.
DDC Enterprise Limited is offering not less than 1,200,000 Series A 13.5% Perpetual Cumulative Preferred Shares at $20.00 per share, for gross proceeds of not less than $24,000,000 before discounts, commissions and expenses. Closing is conditioned on this minimum, an underwriting agreement for at least 200,000 shares in the concurrent public offering, and this offering’s price not exceeding that offering’s price.
The shares have a $25.00 stated value and accumulate cash dividends at 13.5% annually, equal to $3.375 per share annually, payable each business day subject to applicable law and legally available funds. DDC expects to fund cash dividends primarily through additional capital raising. Bitcoin price triggers may qualify holders for one-time bonus dividends totaling up to $4.00 per share. The shares are perpetual, non-convertible, junior to DDC’s indebtedness and structurally junior to subsidiary liabilities.
Across both offerings, DDC intends to use proceeds for the Dividend Reserve Account and general corporate purposes, including Bitcoin purchases and potential acquisitions; at its discretion, up to 20% of gross proceeds may repay or discharge Convertible Notes. A separate underwritten offering covers at least 200,000 shares. No public market currently exists; DDC has applied to list the shares on NYSE American, with trading expected within 30 days of first issuance if approved.
DDC Enterprise Ltd amended and restated its earlier report with unaudited results for the six months ended June 30, 2026. Revenue was RMB136.7 million, versus RMB111.9 million a year earlier; DDC reported an approximately 29% increase in U.S. dollars. Gross profit was RMB41.5 million versus RMB37.3 million, up 17.5% in U.S. dollars, while gross margin fell to 30.4% from 33.4%. DDC recorded a net loss of RMB260.6 million versus net income of RMB37.1 million, largely attributed to a RMB232.5 million non-cash unrealized Bitcoin fair-value loss. Core food business non-GAAP Adjusted EBITDA was RMB8.1 million, versus RMB18.5 million.
Net cash used in operating activities was RMB3.8 million, compared with RMB50.5 million; the Bitcoin fair-value loss did not represent operating cash outflow. As of June 30, 2026, DDC held approximately 2,899 bitcoins and had RMB4.9 million of cash and cash equivalents. The company said first-half Bitcoin accumulation was funded primarily through equity-related transactions.
DDC Enterprise Ltd reported unaudited results for the six months ended June 30, 2026, with revenue of RMB136.7 million (US$20.2 million), up approximately 29% in US$ year over year. Gross profit was RMB41.5 million (US$6.1 million), up 17.5% in US$, while gross margin was 30.4%, compared with 33.4% a year earlier. The core food business recorded non-GAAP Adjusted EBITDA of RMB8.1 million (US$1.2 million), compared with RMB18.5 million in the prior-year period.
Consolidated net results shifted from income of RMB37.1 million to a loss of RMB260.6 million (US$38.4 million). DDC said the loss was largely driven by a non-cash unrealized Bitcoin fair-value loss of RMB232.5 million (US$34.3 million), which it said did not represent operating cash outflow from its core food business. As of the report date, DDC held approximately 2,899 bitcoins, versus 1,181 as of December 31, 2025; it said equity proceeds were mainly used to accumulate Bitcoin in the first half of 2026.
DDC Enterprise Ltd (DDC) director Matthew Gene Mouw reported exercising warrants for Class A Ordinary Shares. On September 17, 2026, he exercised an aggregate of 66,666 warrants at an exercise price of $0.16 per share, receiving 66,666 Class A Ordinary Shares and holding 86,666 shares directly afterward. No Rule 10b5-1 trading plan is reported. He also continues to hold stock options and restricted stock units covering additional Class A Ordinary Shares.
DDC Enterprise Ltd (DDC) reported first-half 2026 results showing strong growth in its core Asian food business alongside large accounting losses tied to its Bitcoin treasury strategy. Total revenue reached US$20.2 million, up about 29% year-over-year, with gross profit of US$6.1 million. Gross margin declined from 33.4% to 30.4% as DDC pushed into higher-volume sales channels.
The company recorded a net loss of US$38.4 million, largely due to US$34.3 million in non-cash, mark-to-market unrealized fair value losses on its Bitcoin holdings. By contrast, the core food business generated positive Non-GAAP Adjusted EBITDA of US$1.2 million, indicating operating leverage in that segment. Adjusted EBITDA for the consolidated business was RMB 8.1 million.
Liquidity included US$2.5 million of cash and cash equivalents and US$21.6 million of short-term investments. Net debt fell sharply to US$10.2 million as of June 30, 2026, from US$60.6 million at December 31, 2025, after repayment of US$51.0 million of loans pledged by digital assets. DDC increased its Bitcoin holdings to 2,899 from 1,181 and adopted a share repurchase program of up to US$10 million or 20% of Class A shares over 18 months.
DDC Enterprise Limited, a foreign private issuer, reported an administrative change to its corporate contact details. The company has updated the business and mailing address of its principal executive office to 301 S McDowell Street, Suite 125, Charlotte, NC 28204, United States, effective July 2, 2026. The report also confirms that the filing was authorized and signed by Chief Executive Officer Norma Ka Yin Chu.
DDC Enterprise Limited reported results from a Class A shareholders’ meeting and its 2026 annual meeting. Class A shareholders approved, by special resolution and subject to Class B class consent, increasing the voting rights of each Class B Ordinary Share from 10 votes to 100 votes, with 37,263,225 votes for, 33,655 against, and 166,847 abstaining.
At the annual meeting, shareholders elected four directors (Norma Ka Yin Chu, George Lai, Matthew Gene Mouw, and Samuel Chun Kong Shih) with 37,289,886 votes for each nominee. They ratified Enrome LLP as auditor for the year ending December 31, 2026. Shareholders granted the board general mandates to issue additional ordinary shares and to repurchase issued shares. They also approved, by special resolutions, a board‑implemented reverse share split of Class A Ordinary Shares at a ratio of up to 1‑for‑10, related amendments to the memorandum and articles of association, and a variation of class rights to increase Class B voting power to 100 votes per share, subject to the stated class consents.
DDC Enterprise Limited announced that its board has approved a share repurchase program for its Class A ordinary shares. The company is authorized to buy back up to $10,000,000 of shares, or a lower amount that would equal no more than 20% of its outstanding Class A ordinary shares, over a period of up to 18 months.
Repurchases may be conducted through Rule 10b5-1 trading plans, open market purchases or other permissible methods, funded by free cash flow and other operating cash. DDC may use Bitcoin as collateral in any related financing or liquidity arrangements. The program is discretionary, with the amount and timing set by management and reviewed quarterly by the board, and it can be extended, modified, suspended or discontinued at any time.
DDC Enterprise Limited has called a virtual Class A shareholders’ meeting and 2026 annual general meeting for June 29, 2026. Holders of record as of June 8, 2026 will vote on multiple governance and capital-structure proposals.
Key items include re-electing four directors, ratifying Enrome LLP as auditor, and granting broad mandates for the board to issue new ordinary shares and repurchase existing shares. Shareholders will also consider authorizing a reverse share split of Class A ordinary shares at a ratio of up to 1-for-10, intended to help the company address NYSE American continued listing standards tied to low trading prices and prior reverse splits.
A central proposal would increase the voting power of each Class B ordinary share from 10 votes to 100 votes, significantly concentrating voting control with founder and CEO Norma Ka Yin Chu, who holds the Class B shares. As of the record date, there were 47,511,029 Class A shares and 1,750,000 Class B shares outstanding, with Class A carrying one vote each and Class B ten votes each. The board unanimously recommends voting “FOR” all proposals.