CORRECTION – Global Mofy AI Limited Announces Effective Date of Reverse Stock Split
Rhea-AI Summary
Global Mofy AI (Nasdaq: GMM) approved a 1-for-50 reverse stock split of its class A and class B ordinary shares. Trading on a split-adjusted basis begins June 11, 2026, under ticker GMM with new CUSIP G3937M205.
Outstanding class A shares will decline from about 89.58 million to 1.79 million, and class B shares from about 8.17 million to 0.16 million. No fractional shares will be issued; holders otherwise entitled to a fraction will receive one full share.
Positive
- Reverse stock split set at a clear 1-for-50 ratio
- Outstanding class A shares reduced from about 89.58M to 1.79M
- Outstanding class B shares reduced from about 8.17M to 0.16M
- No fractional shares; eligible holders receive one full share instead
Negative
- None.
News Market Reaction – GMM
In the Jun 9 session, GMM gained 19.36%, reflecting a significant positive market reaction. Argus tracked a peak move of +286.0% during that session. Argus tracked a trough of -41.9% from its starting point during tracking. Our momentum scanner triggered 69 alerts that day, indicating high trading interest and price volatility. Trading volume was elevated at 2.4x the daily average, suggesting notable buying interest.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
BEIJING, June 09, 2026 (GLOBE NEWSWIRE) -- In a release issued under the same headline earlier today by Global Mofy AI Limited (Nasdaq: GMM), please note that in the second paragraph, two references of sixty shares of the company's class A and class B ordinary shares should have read fifty. The corrected release follows.
Global Mofy AI Limited (the “Company” or “Global Mofy”) (Nasdaq: GMM), a generative AI-driven technology solutions provider engaged in virtual content production and the development of 3D digital assets, today announced that it has resolved to effect a reverse stock split of the Company’s class A ordinary shares and class B ordinary shares and has determined the ratio to be 1-for-50. At the Company’s annual meeting of shareholders held on January 5, 2026, the Company’s shareholders approved a reverse stock split at a ratio of not less than 1-for-2 and not more than 1-for-500 and granted the Company’s Board of Directors the authority to determine the exact split ratio. On May 26, 2026, the Company’s Board of Directors determined the ratio to be 1-for-50. GMM’s class A ordinary shares will begin trading on an adjusted basis giving effect to the reverse stock split on June 11, 2026 under the existing ticker symbol “GMM”. The new CUSIP number of the Company’s class A ordinary shares will be G3937M205.
When the reverse stock split is effective, every fifty shares of the Company's class A ordinary shares, par value at
No fractional shares will be issued in connection with the reverse stock split. Shareholders otherwise entitled to receive a fractional share as a result of the reverse stock split will receive one full share.
Additional information concerning the reverse stock split can be found in GMM's notice of annual general meeting filed with the Securities and Exchange Commission on December 17, 2025.
This press release shall 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 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 jurisdiction.
About Global Mofy AI Limited
Global Mofy AI Limited (Nasdaq: GMM) is a generative AI-driven technology solutions provider engaged in virtual content production, and the development of digital assets for the digital content industry. Utilizing its proprietary “Mofy Lab” technology platform, which consists of interactive 3D and artificial intelligence (“AI”) technology, the Company creates high-definition virtual versions of a wide range of physical world objects in 3D ranging from characters, objects to scenes and more. The digital assets can be used in different applications, including movies, TV series, AR/VR, animation, advertising, gaming, and more. Global Mofy Metaverse is one of the leading digital asset banks in China, which consists of more than 150,000 high-precision 3D digital assets. For more information, please visit www.globalmofy.ai or ir.globalmofy.cn.
Forward-Looking Statement
This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may,” “will,” “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions, our ability to keep pace with new technology and changing market needs, and the competitive environment of our business. These and other factors may cause our actual results to differ materially from any forward-looking statement. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.
For more information, please contact:
Global Mofy AI Limited
Investor Relations Department
ir@mof-vfx.com
