Global Mofy AI Limited Announces Closing of $4 Million Private Placement Financing
Rhea-AI Summary
Global Mofy AI (Nasdaq: GMM) has successfully closed a $4 million private placement financing on April 22, 2025. The company issued 2,030,460 Class A ordinary shares and an equal number of warrants, with each warrant allowing the purchase of one Class A Ordinary Share at an initial exercise price of $2.36 per share.
The warrants are immediately exercisable and have a five-year expiration term. The net proceeds will support general corporate purposes, including:
- Working capital
- Product development
- Investment in AI-powered platforms
- Development of the newly launched Gauss AI Lab
The company will file a registration statement with the SEC covering the resale of the Class A Ordinary Shares and shares issuable upon warrant exercise.
Positive
- Secured $4 million in new capital funding
- Immediate access to capital for AI platform development
- Five-year warrant coverage provides potential additional funding
Negative
- Potential dilution from issuance of 2,030,460 new shares
- Additional dilution risk from warrant exercises
- Warrant terms include price reset and adjustment provisions
News Market Reaction
On the day this news was published, GMM gained 7.43%, reflecting a notable positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
BEIJING, April 22, 2025 (GLOBE NEWSWIRE) -- 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 for use in the broader digital content industry, today announced the successful closing of its previously announced private placement financing (the “Offering”) on April 22, 2025.
In connection with the closing of the Offering, the Company issued an aggregate of 2,030,460 Class A ordinary shares, par value
The Company received gross proceeds of approximately
“The successful closing of this financing further strengthens our ability to deliver innovation across our AI-driven technology platforms,” said Haogang Yang, CEO of Global Mofy. “This capital will support our strategic growth initiatives and accelerate development efforts as we continue to advance next-generation digital content solutions and expand our position in the rapidly evolving digital ecosystem.”
The securities described above have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold in the United States, except pursuant to an effective registration statement or an applicable exemption from the registration requirements of the Securities Act. The Company has agreed to file a registration statement with the U.S. Securities and Exchange Commission (SEC) covering the resale of the Class A Ordinary Shares and Class A Ordinary Shares issuable upon the exercise of the Warrants issued in this Offering.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any 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 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 is one of the leading digital asset banks in China, which consists of more than 100,000 high-precision 3D digital assets. For more information, please visit www.globalmofy.cn/ 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. These forward-looking statements include, without limitation, the Company’s statements regarding the expected trading of its Ordinary Shares on the Nasdaq Capital Market and the closing of the Offering. 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 and the completion of the initial public offering on the anticipated terms or at all, and other factors discussed in the “Risk Factors” section of the registration statement filed with the SEC. 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 Ltd.
Investor Relations Department
ir@mof-vfx.com
FAQ
What are the key terms of Global Mofy AI's (GMM) April 2025 private placement?
How will GMM use the proceeds from its $4 million private placement?
What is the exercise price and duration of GMM's April 2025 warrants?
Are the shares and warrants from GMM's private placement registered under the Securities Act?
