GD Culture Group’s stock rose over 300% on the Nasdaq following its crypto investment announcement, despite the company having only eight employees and no reported revenue in the year prior to the deal

Quotes that support claims

Since the filing in May, according to TradingView, GD Culture Group stock has climbed 307% on the Nasdaq to a market capitalization of $46.86 million.

Sherman's accusation appears to reference a small tech company called GD Culture Group that, according to The New York Times, has a Chinese subsidiary, only eight employees, and generated no revenue in the year before it announced a $300 million investment plan for the TRUMP meme coin.