Global Mofy AI (GMM) details $4.8M PIPE private placement financing update
Rhea-AI Filing Summary
Global Mofy AI Limited agreed to sell 15,000,000 Class A ordinary shares in a private PIPE placement at $0.31875 per share, generating estimated net proceeds of approximately $4.8 million before expenses. The closing is expected to occur within 30 business days from the execution of the Securities Purchase Agreement.
The company plans to use the proceeds to finance working capital and general corporate purposes. The shares were sold to non-U.S. investors under exemptions from U.S. registration requirements, and the company entered into a Registration Rights Agreement to file a registration statement covering the resale of these unregistered shares.
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Insights
Global Mofy AI is raising about
Global Mofy AI Limited is issuing 15,000,000 new Class A ordinary shares at
The company states it will use the funds for working capital and general corporate purposes, which typically covers day-to-day expenses and broader business needs. Because the transaction involves issuing 15,000,000 new shares, future earnings and asset ownership will be spread over a larger share count.
The purchasers are non-U.S. investors, and the transaction relies on Section 4(a)(2) and Regulation S exemptions, meaning the shares are initially unregistered in the United States. A Registration Rights Agreement commits the company to file a registration statement for the resale of these shares, which, once effective, would allow purchasers more flexibility in how and when they sell, subject to market conditions and applicable regulations.
FAQ
What transaction did Global Mofy AI (GMM) disclose in this report?
Global Mofy AI Limited entered into a Securities Purchase Agreement with several investors for a private PIPE placement of 15,000,000 Class A ordinary shares.
How many shares is Global Mofy AI issuing and at what price?
The company is issuing 15,000,000 Class A ordinary shares at a purchase price of $0.31875 per share.
How much money will Global Mofy AI raise from the private placement?
The company expects net proceeds of approximately $4.8 million from the PIPE offering, before deducting offering expenses.
What will Global Mofy AI use the PIPE proceeds for?
Global Mofy AI intends to use the net proceeds to provide financing for working capital and general corporate purposes.
When is the PIPE offering expected to close for Global Mofy AI?
The closing of the PIPE offering is expected to take place within 30 business days from the execution of the Securities Purchase Agreement on December 5, 2025.
Who bought the shares in Global Mofy AI's private placement and under what exemption?
The purchasers are non-U.S. persons, and the securities were sold under exemptions from registration provided by Section 4(a)(2) of the Securities Act and Regulation S.
What registration rights were granted to investors in Global Mofy AI (GMM)?
The company entered into a Registration Rights Agreement with the purchasers, under which it will file a registration statement covering the resale of the Shares with the SEC.