Global Mofy AI Limited (GMM) reports that shareholders at an extraordinary general meeting on September 2, 2026 approved all five proposals concerning its share capital and governing documents. Holders representing 79.65% of total voting power were present, and each proposal received strong majority support in voting power.
Shareholders confirmed and ratified a previously implemented 50-for-1 share consolidation effective June 11, 2026, including related changes to authorized Class A and Class B share capital and rounding up of fractional shares. They also approved a new 16-for-1 share consolidation to occur once, on the 10th trading day after the Class A shares fail to meet the bid price requirement during a six‑month window after the meeting, along with corresponding authorized capital changes and adoption of updated memorandum and articles of association both immediately after the prior consolidation and, subject to the condition being met, after the new consolidation.
Global Mofy AI Ltd (GMM) completed a self-underwritten registered direct offering of 3,796,000 Class A ordinary shares at an offering price of $0.538 per share, raising approximately $2.04 million in gross proceeds before expenses. The shares, each with par value $0.0015, were issued on September 1, 2026.
The offering was conducted directly by the company under its effective Form F-3 shelf registration statement, with no discounts, fees or commissions paid in connection with the sale. Global Mofy AI plans to use the net proceeds primarily for working capital purposes.
Global Mofy AI Ltd (GMM) is conducting a primary offering of 3,796,000 Class A Ordinary Shares at $0.538 per share under its effective Form F-3 shelf registration. The offering is self-underwritten and sold directly by the company.
Global Mofy is a Cayman Islands holding company with operations conducted through PRC subsidiaries in virtual technology services and digital asset development, supported by its “Mofy Lab” 3D/AI platform and a bank of over 150,000 high-precision 3D digital assets. For the six months ended March 31, 2026, revenue was $39.93 million, up from $26.73 million in the prior-year period.
The company highlights significant legal and operational risks tied to doing business in China, including evolving CSRC filing rules, data and cybersecurity regulation, FX and dividend restrictions, and potential impact of HFCAA-related audit oversight. No dividends have been paid to date and the company states it does not expect to pay cash dividends in the foreseeable future.
Global Mofy AI Limited (GMM) entered into a Share Exchange and Investment Agreement to acquire an additional equity stake in an affiliated Chinese AI business. The company agreed to issue 1,500,000 Class A ordinary shares at US$2.70 per share, valuing the consideration at US$4,050,000, in exchange for 5.06% equity in Qifei (Shanghai) Technology Co., Ltd., an intelligent-systems and AI solutions provider.
The seller is James Yang Mofy Limited, beneficially owned by Chairman and CEO Haogang Yang, who also leads the Target Company, making this a related party transaction reviewed and approved by the Audit Committee as no less favorable than an arm’s‑length deal. The shares were issued on August 19, 2026 in a private, unregistered offering relying on Regulation S and Section 4(a)(2), with Global Mofy AI undertaking to file a resale registration statement for these shares within two months and to use commercially reasonable efforts to have it declared effective.
Global Mofy AI Limited is calling an extraordinary general meeting on September 2, 2026 to address past and potential future share consolidations and related charter changes.
Shareholders are asked to ratify a previously implemented 50‑for‑1 consolidation of all Class A and Class B ordinary shares effective June 11, 2026, including rounding fractional entitlements up and adjusting authorised capital to 600,000,000 Class A and 80,000,000 Class B shares at par value US$0.0015.
They are also asked to approve a contingent new consolidation of all authorised, issued and outstanding shares at a 16‑for‑1 ratio, effective on the 10th trading day after the Class A share closing price fails to meet the Nasdaq bid‑price requirement during a six‑month window after the meeting. This would change authorised capital to 37,500,000 Class A and 5,000,000 Class B shares at par value US$0.024, with fractional holdings rounded up. Related proposals seek adoption of fifth and then sixth amended and restated memorandum and articles of association to reflect these consolidations, and authority to adjourn the meeting if more time is needed to secure approvals.
Global Mofy AI Limited agreed to acquire a 2% equity interest in Star Touch (Beijing) Technology Co., Ltd., an intelligent systems and industry-focused artificial intelligence solutions provider in China, through a share exchange with existing sellers.
As consideration, the company agreed to issue an aggregate of 2,500,000 Class A ordinary shares, par value $0.0015, at an issuance price of US$0.8 per share, for an aggregate value of US$2 million, and states that it issued these shares on July 29, 2026. The transaction is subject to customary closing conditions, PRC regulatory filings, and satisfactory due diligence. The shares are unregistered, issued under Regulation S and Section 4(a)(2), and the company has committed to file a resale registration statement on Form F-1 or F-3 within two months of issuance, bearing all related registration expenses.
Global Mofy AI Limited reported for the six months ended March 31, 2026 revenues of $39.9 million, up 49.4% from $26.7 million a year earlier. Growth was led by virtual technology services at $27.1 million (67.9% of revenue) and newly launched digital asset sales at $4.9 million, while digital asset development revenue declined to $7.9 million. Cost of revenues rose 110.5% to $31.4 million, reducing gross profit to $8.5 million and gross margin to 21.3% from 44.2%.
Operating expenses increased sharply to $59.2 million from $10.1 million, mainly due to a $38.4 million impairment loss on digital intangible assets and $13.5 million of share‑based compensation across selling, general and administrative, and research and development. The company recorded a loss from operations of $50.7 million and a net loss of $50.7 million, compared with net income of $5.0 million in the prior period; basic loss per share was $70.22. After adjusting for share‑based compensation, warrant fair‑value changes and impairment, non‑GAAP net income was $1.12 million versus $2.72 million a year earlier.
Cash and restricted cash totaled $2.83 million at March 31, 2026, with net cash provided by operating activities of $2.0 million. Short‑term bank loans and interest‑bearing debt were about $2.3 million. Net intangible assets declined to $17.3 million from $59.7 million at September 30, 2025, largely reflecting the impairment. Management plans to fund operations through operating cash flow, bank borrowings, potential public offerings and financial support pledged by the principal shareholder.
Global Mofy AI Limited has implemented a 1-for-50 reverse stock split of its Class A and Class B ordinary shares. Effective upon the market open on June 11, 2026, the shares began trading on Nasdaq on a post-split basis under the existing symbol “GMM”.
The reverse split reduces outstanding Class A shares from approximately 89.58 million to approximately 1.79 million and Class B shares from approximately 8.17 million to approximately 0.16 million, while increasing par value to $0.0015 per share and proportionally reducing authorized shares to 600,000,000 Class A and 80,000,000 Class B shares. Fractional shares are rounded up so each affected holder receives at least one whole share.
The company states that the reverse split is intended to help maintain compliance with Nasdaq Listing Rule 5810(c)(3)(A)(iii), which requires a closing bid price greater than $0.10. Global Mofy also amended and restated its memorandum and articles of association to reflect the new share structure.
Global Mofy AI Ltd Schedule 13G: Hexstone Capital LLC and Brendan O'Neil report beneficial ownership of 2,749,140 Class A Ordinary Shares, representing 5.08% of the class based on May 26, 2026 and a 54,091,499 share denominator after the issuer's offering. The filing states Hexstone also holds Series A and Series B warrants exercisable for up to 2,749,140 shares each, but those warrants are not counted as beneficially owned due to a 4.99% beneficial ownership limitation (the "Blocker"). Hexstone's voting and dispositive power over the reported shares is shared and is exercised through its managing member, Brendan O'Neil.
Global Mofy AI Limited completed a registered direct offering of 8,247,420 Class A ordinary shares and equal numbers of Series A and Series B warrants at $0.97 per share and accompanying warrants, raising gross proceeds of about $8 million.
The Series A warrants are exercisable immediately for five years, while Series B warrants become exercisable after the eleventh trading day for two years and allow cashless and alternative cashless exercise. Both warrant series have a reset feature tied to the share price, with a floor exercise price of $0.194. The company agreed to pay a 7% placement fee and up to $100,000 of expenses and plans to use the net proceeds mainly for working capital, product development, and expansion of its AI-powered technology platforms. Directors, executives and key shareholders entered six‑month lock‑up agreements limiting share sales after the transaction.