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Global Mofy AI issues $3.9M in shares for Qifei stake

The shares were issued without registration under the Securities Act or state and foreign securities laws, relying on Regulation S and Section 4(a)(2).

(Moderate)

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Form Type
6-K

Rhea-AI Filing Summary

Global Mofy AI Ltd (GMM) issued 3,000,000 Class B ordinary shares to Yang Hao Gang Limited on October 19, 2026, at US$1.30 per share, for a stated aggregate value of US$3,900,000. Under the agreement, James Yang Mofy Limited is to transfer a 4.875% equity interest in Qifei (Shanghai) Technology Co., Ltd. to Global Mofy’s indirect subsidiary, Shanghai Moying Feihuan Technology Co., Ltd. The subsidiary had previously agreed to acquire 5.06%; upon closing, it will hold an aggregate 9.935% of Qifei.

Closing is subject to customary conditions, including corporate approvals and third-party consents, required PRC regulatory filings, satisfactory due diligence, and no material adverse effect involving Qifei and its subsidiaries. Haogang Yang, Global Mofy’s chairman and CEO, is the sole beneficial owner of the seller and designee and the target’s sole director and legal representative; the transaction is a related-party transaction. The board determined its terms were no less favorable than those of an arm’s-length transaction.

Each Class B share carries 20 votes, has no dividend rights and is not convertible into Class A shares. The company stated that upon issuance Mr. Yang will beneficially own approximately 87.9% of the aggregate voting power.

Class B ordinary shares issued 3,000,000 shares Issued to the designee on October 19, 2026
Issuance price US$1.30 per share Price stated in the share exchange and investment agreement
Aggregate value US$3,900,000 Stated value of the issued shares
Additional Qifei equity interest 4.875% Interest to be transferred to the issuer’s indirect subsidiary
Previously agreed Qifei equity interest 5.06% Interest the subsidiary had previously agreed to acquire
Aggregate Qifei equity interest upon closing 9.935% Interest the subsidiary will hold upon closing
Votes per Class B share 20 votes per share Voting rights at general meetings
Chairman’s aggregate voting power Approximately 87.9% Company statement upon issuance of the shares
Regulation S regulatory
"including Regulation S promulgated thereunder"
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
"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.
material adverse effect regulatory
"absence of any material adverse effect with respect to the Target Company"
A material adverse effect is a significant negative change or event that substantially reduces a company’s business, financial condition, or future prospects — think of it like a sudden major engine failure that makes a car unreliable. Investors care because such an event can lower expected profits, trigger contract clauses (allowing counterparties to renegotiate or walk away), and prompt swift stock-price reassessment based on the higher risk and uncertainty.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many GMM shares were issued for the Qifei transaction?

Global Mofy issued 3,000,000 Class B ordinary shares to Yang Hao Gang Limited on October 19, 2026, at US$1.30 per share, for a stated aggregate value of US$3,900,000. The designee is acting for James Yang Mofy Limited, which is to transfer a 4.875% interest in Qifei to Global Mofy’s indirect subsidiary.

What stake in Qifei will GMM’s subsidiary hold after closing?

Upon closing, Shanghai Moying Feihuan Technology Co., Ltd. will hold an aggregate 9.935% interest in Qifei. The subsidiary had previously agreed to acquire 5.06%, and the agreement covers a further 4.875% interest.

Has the GMM transaction with Qifei closed?

Global Mofy issued the shares on October 19, 2026. The agreement makes closing subject to conditions that include required corporate approvals and third-party consents, PRC regulatory filings, satisfactory company due diligence, and the absence of a material adverse effect involving Qifei and its subsidiaries.

Were the GMM shares registered with the SEC?

The shares were not registered under the Securities Act or state or foreign securities laws. They were issued in reliance on registration exemptions, including Regulation S and Section 4(a)(2) of the Securities Act.

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

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Available on EDGAR Accepted by SEC EDGAR 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 October 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 October 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”), YANG HAO GANG LIMITED (the “Designee”) and Qifei (Shanghai) Technology Co., Ltd. (the “Target Company”), pursuant to which, the Company agreed to issue 3,000,000 Class B ordinary shares of the Company, par value $0.0015 per share (the “Shares”), to the Designee, as designee of the Seller, at an issuance price of US$1.30 per share, for an aggregate value of US$3,900,000, and in consideration therefor, the Seller will transfer 4.875% equity interests in the Target Company to the Subsidiary (the “Transaction”). As previously reported on the Company’s Report on Form 6-K furnished on August 20, 2026, the Subsidiary agreed to acquire 5.06% equity interests in the Target Company from the Seller. Upon the closing of the Transaction, the Subsidiary will hold an aggregate of 9.935% equity interests in the Target Company.

 

Mr. Haogang Yang, the Chairman of the board of directors (the “Board”) and Chief Executive Officer of the Company, is the sole beneficial owner of each of the Seller and the Designee 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 the nature and extent of his interest in the Transaction. The issuance price of US$1.30 per Share was determined through negotiations among the parties, and the 4.875% equity interest in the Target Company was valued based on a valuation report of the Target Company provided by an unaffiliated third party. The Board 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.

 

Each Class B ordinary share of the Company is entitled to twenty (20) votes on all matters subject to vote at general meetings of the Company, does not confer any right to receive dividends and is not convertible into Class A ordinary shares of the Company. Upon the issuance of the Shares, Mr. Yang will beneficially own approximately 87.9% of the aggregate voting power of the Company’s outstanding ordinary shares.

 

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, the Designee and the Target Company; (ii) the performance and compliance in all material respects by the Seller, the Designee 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 to the Designee on October 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.

 

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.

 

This Report on Form 6-K (including the exhibit) is incorporated by reference into the Company’s Registration Statement on Form F-3 filed with the Securities and Exchange Commission on January 28, 2026 (Registration No. 333-293015), as amended and Company’s Registration Statement on Form F-3 filed with the Securities and Exchange Commission on March 6, 2026 (Registration No. 333-294113), as amended.

 

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Exhibit Index

 

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

 

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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: October 20, 2026 By: /s/ Haogang Yang
  Name: Haogang Yang
  Title: Chief Executive Officer, Director, and Chairman of the Board

 

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