STOCK TITAN

Insider share swap lifts Global Mofy AI (GMM) exposure to Chinese AI

(Neutral)
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

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.

Positive

  • None.

Negative

  • None.

Filing Explained

Shares were issued on August 19, but completion of the exchanged target stake is not separately confirmed.

On August 19, 2026, the company issued the Class A shares required by its exchange agreement, adding shares to the total share count and reducing existing holders’ percentage ownership absent offsetting changes.

The filing does not separately confirm that the agreed transfer of 5.06% of the target company was completed.

It says closing is subject to conditions including corporate and third-party approvals, PRC regulatory filings for the transfer, satisfactory due diligence, and no governmental order prohibiting closing.

Class A ordinary shares issued 1,500,000 shares Shares issued as consideration in the share exchange on August 19, 2026
Issuance price per share US$2.70 per share Price for the 1,500,000 Class A ordinary shares issued as consideration
Aggregate value of consideration US$4,050,000 Total value of shares issued in exchange for equity in the Target Company
Equity interest acquired 5.06% Percentage equity interest in Qifei (Shanghai) Technology Co., Ltd. to be transferred
Resale registration deadline within two (2) months Period after issuance in which GMM agreed to file a resale registration statement
Share Exchange and Investment Agreement financial
"entered into a Share Exchange and Investment Agreement (the “Agreement”)"
Regulation S regulatory
"issued in reliance upon exemptions from registration under the Securities Act, including Regulation S"
Regulation S is a set of rules that allows companies to sell securities (like shares or bonds) to investors outside the United States without having to follow all U.S. securities laws. It matters because it makes it easier for companies to raise money from international investors while still complying with U.S. regulations.
Section 4(a)(2) regulatory
"including Regulation S promulgated thereunder and Section 4(a)(2) of the Securities Act"
Section 4(a)(2) is a part of U.S. securities laws that allows companies to sell their stock directly to certain investors without registering the sale with regulators. This process is often used for private placements, making it easier and faster for companies to raise money from knowledgeable or institutional investors. It matters to investors because it provides an alternative way to buy shares, often with fewer disclosures and lower costs.
commercially reasonable efforts financial
"and will use its commercially reasonable efforts to cause such registration statement"

FAQ

What transaction did GMM announce in this Form 6-K?

GMM agreed to issue 1,500,000 Class A ordinary shares at US$2.70 per share, valued at US$4,050,000, in exchange for 5.06% equity in Qifei (Shanghai) Technology Co., Ltd., an intelligent-systems and AI solutions provider in China.

How were the GMM share price and the 5.06% stake valued?

The US$2.70 per-share issuance price for GMM’s stock was negotiated among the parties. The 5.06% equity interest in the Target Company was valued based on a valuation report prepared by an unaffiliated third party, according to the disclosure.

Will the new GMM shares be registered for resale?

GMM issued the 1,500,000 shares in an unregistered private offering relying on Regulation S and Section 4(a)(2). The company agreed to file a registration statement for their resale within two months after issuance and to seek effectiveness using commercially reasonable efforts.

What conditions must be satisfied for the GMM transaction to close?

Closing is subject to customary conditions, including accurate representations and warranties, covenant compliance, no material adverse effect on the Target Company, required corporate and third‑party approvals, completion of required PRC regulatory filings, satisfactory due diligence by GMM, and no governmental order prohibiting the transaction.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Form 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of August 2026

 

Commission File Number: 001-41834

 

Global Mofy AI Limited

 

No. 102, 1st Floor, No. A12, Xidian Memory Cultural and Creative Town

Gaobeidian Township, Chaoyang District, Beijing

People’s Republic of China, 100000

+86-10-64376636

(Address of principal executive office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F ☒       Form 40-F ☐

 

 

 

 

 

 

On August 19, 2026, Global Mofy AI Limited (the “Company”) entered into a Share Exchange and Investment Agreement (the “Agreement”) with Shanghai Moying Feihuan Technology Co., Ltd., an indirect subsidiary of the Company (the “Subsidiary”), James Yang Mofy Limited (the “Seller”), Qifei (Shanghai) Technology Co., Ltd. (the “Target Company”), pursuant to which, the Company agreed to issue 1,500,000 Class A ordinary shares of the Company, par value $0.0015 per share (the “Shares”), at an issuance price of US$2.70 per share, for an aggregate value of US$4,050,000, and in consideration therefor, the Seller will transfer 5.06% equity interests in the Target Company to the Subsidiary (the “Transaction”).

 

Mr. Haogang Yang, the Chairman of the Board and Chief Executive Officer of the Company, is the sole beneficial owner of the Seller and the sole director and legal representative of the Target Company. Accordingly, Mr. Yang has a material interest on both sides of the Transaction, and the Transaction constitutes a related party transaction. Mr. Yang fully disclosed to the Board and to the Audit Committee the nature and extent of his interest in the Transaction. The issuance price of US$2.70 per Share was determined through negotiations among the parties, and the 5.06% equity interest in the Target Company was valued based on a valuation report of the Target Company provided by an unaffiliated third party. The Audit Committee determined that the terms of the Transaction were no less favorable to the Company than those that could be obtained in an arm’s-length transaction with an unaffiliated third party.

 

The Target Company is a limited liability company incorporated under the laws of the People’s Republic of China that is engaged in the intelligent systems business and provides industry-oriented artificial intelligence solutions, empowering industrial digital transformation through its technological capabilities. The Transaction is expected to be strategically complementary to the Company’s existing artificial intelligence and digital-content operations.

 

The closing of the Transaction is subject to customary closing conditions, including (i) the accuracy in all material respects of the representations and warranties of the Seller and the Target Company; (ii) the performance and compliance in all material respects by the Seller and the Target Company with their respective covenants and agreements under the Agreement; (iii) the absence of any material adverse effect with respect to the Target Company and its subsidiaries; (iv) the receipt of all necessary corporate approvals and third-party consents required to consummate the Transaction; (v) the completion of all PRC regulatory filings required to effect the transfer of the transferred equity interests, including the update of the Target Company’s business license with the relevant market supervision administration; (vi) the completion by the Company of its legal, financial and business due diligence investigation of the Target Company, the results of which are reasonably satisfactory to the Company; and (vii) the absence of any order, injunction or decree of any governmental authority prohibiting the consummation of the Transaction.

 

The Company issued the Shares on August 19, 2026. The Shares have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or under any state or foreign securities laws, and are being issued in reliance upon exemptions from registration under the Securities Act, including Regulation S promulgated thereunder and Section 4(a)(2) of the Securities Act.

 

Under the Agreement, the Company has agreed that, within two (2) months following the issuance of the Shares at the closing, it will prepare and file with the Securities and Exchange Commission a registration statement on Form F-1 or Form F-3 (or such other form as the Company may determine) registering the resale of the Shares under the Securities Act, and will use its commercially reasonable efforts to cause such registration statement to be declared effective as promptly as practicable. All expenses incurred in connection with such registration will be borne by the Company.

 

The foregoing description of the Agreement does not purport to be complete and is qualified in its entirety by reference to the complete text of the Agreement, which is filed as Exhibit 10.1 to this Report on Form 6-K and is incorporated herein by reference.

 

Exhibit Index

 

Exhibit No.   Description
10.1   Share Exchange and Investment Agreement dated August 19, 2026

 

1

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  Global Mofy AI Limited
   
Date: August 20, 2026 By: /s/ Haogang Yang
  Name:  Haogang Yang
  Title: Chief Executive Officer, Director, and Chairman of the Board

 

2

 

Filing Exhibits & Attachments

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