Company: DDC
Filing Date: 2025-08-05
Form Type: F-3/A
Source: 0001213900-25-072148
Chunk: 16

Company: DDC Enterprise Ltd
Filing Date: 2025-08-05
Form: F-3/A
Chunk 16
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99% of the outstanding Class A Ordinary Shares.

The term of the ELOC SPA
will terminate on the earliest to occur of (i) the first day of the month next following the 24-month anniversary of the effectiveness
of the registration statement of which this prospectus is a part and (ii) the date on which the Company has issued and sold to Investor
Class A Ordinary Shares in the aggregate amount of the Total Commitment.

The Company expects to use
the net proceeds from any sales under the ELOC SPA primarily to acquire additional bitcoin for its corporate treasury.

The foregoing description of the ELOC SPA does
not purport to be complete and is qualified in its entirety by reference to the full text of the ELOC SPA, which is attached hereto as
Exhibit 10.3 and is incorporated herein by reference.

Maxim Partners LLC (“Maxim”)
acted as placement agent for the SPA and the ELOC SPA. At the Initial Closing, the Company issued a warrant to Maxim to purchase Class
A Ordinary Shares, on terms set forth therein, which warrant is exercisable immediately and expires five years from the date of issuance.

Registration Rights Agreement

Concurrently with the execution
of the SPA and the ELOC SPA, on June 16, 2025, the Company and the Investors also entered into a Registration Rights Agreement to register
under the Securities Act, among other things, the resale of the Shares issued pursuant to the SPA and the ELOC SPA, as well as all warrant
shares and shares issued upon conversion under the SPA, as well as any capital stock issued or issuable with respect to the foregoing
due to stock splits, dividends, recapitalizations, or similar events.

Pursuant to the Registration
Rights Agreement, the Company is required to register the resale of such securities by filing a registration statement with the SEC within
15 days of the applicable closing date and to use its reasonable best efforts to have the registration statement declared effective by
the SEC by the earlier of (i) the 45th calendar day after the closing date (or 60th day if subject to SEC full review) or (ii) the 2nd
business day after SEC notification that the registration statement will not be reviewed.

The foregoing description
of the Registration Rights Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of
the Registration Rights Agreement, which is attached hereto as Exhibit 10.4 and incorporated herein by reference.

In December