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Global Mofy AI (Nasdaq: GMM) raises $8M in registered direct offering

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(Neutral)
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(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

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.

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Insights

Global Mofy raises $8M via structured share-and-warrant deal.

Global Mofy AI Limited issued 8,247,420 Class A ordinary shares plus matching Series A and Series B warrants at $0.97, generating about $8 million in gross proceeds under its Form F-3 shelf. This adds cash but also introduces future equity overhang.

The Series A and B warrants share a reset mechanism: on the reset date, the Series A exercise price can fall to 80% of the lowest weighted average price in a defined period, subject to a $0.194 floor, with warrant share counts adjusted to keep aggregate exercise value constant. Series B allows cashless and alternative cashless exercise, potentially increasing share issuance without new cash.

The company will pay a 7% placement fee plus up to $100,000 in expenses and intends to use net proceeds for working capital, product development and expansion of its AI platforms. Six‑month lock‑ups on directors, executives and 5% holders may temper near‑term insider selling following the capital raise.

Shares issued 8,247,420 Class A ordinary shares Registered direct offering
Series A warrants issued 8,247,420 warrants Exercisable immediately, 5-year term
Series B warrants issued 8,247,420 warrants Exercisable after 11th trading day, 2-year term
Offering price $0.97 per share and accompanying warrants Registered direct offering
Gross proceeds Approximately $8 million Before placement fees and expenses
Placement fee 7% of gross proceeds Paid to D. Boral Capital as placement agent
Warrant floor price $0.194 per share Minimum exercise price after resets
Expense reimbursement cap $100,000 Reimbursement of placement agent expenses
registered direct offering financial
"entered into certain securities purchase agreements ... for a registered direct offering"
A registered direct offering is a way for a company to sell new shares of its stock directly to select investors with regulatory approval. This method allows the company to raise funds quickly and efficiently without needing a public auction, similar to offering exclusive access to a limited number of buyers. For investors, it often provides an opportunity to purchase shares at a favorable price, while giving the company immediate access to capital.
Series A Warrants financial
"8,247,420 series A warrants to purchase up to 8,247,420 Class A Ordinary Shares"
Series A warrants are financial tools that give the holder the right to buy shares of a company at a specific price within a certain period. They are often issued alongside investments to provide additional potential profit if the company's value increases. For investors, they can offer a chance to benefit from future growth without committing immediate capital to buying shares.
Series B Warrants financial
"8,247,420 series B warrants to purchase up to 8,247,420 Class A Ordinary Shares"
Series B warrants are contracts issued alongside a company's Series B financing that give the holder the right to buy a set number of shares at a fixed price within a specified time. For investors, they matter because they can provide leveraged upside if the company grows, or they can dilute existing shareholders when exercised—like a coupon promising a future share at a known price that can add value or change ownership stakes.
cashless exercise financial
"The Series B Warrants may be exercised on a cashless basis at any time"
A cashless exercise is a way for an option holder to convert stock options into actual shares without paying the purchase price in cash; instead they immediately give up a portion of the newly issued shares to cover the cost and any withholding taxes. Investors care because this process increases the number of shares available and can slightly dilute existing holdings, while also signaling how insiders or employees are realizing compensation without needing cash — similar to paying for a purchase by handing over part of what you just bought.
lock-up agreements financial
"have entered into lock-up agreements that generally prohibit the sale, transfer, or other disposition"
A lock-up agreement is a contract that prevents company insiders—founders, employees, and early investors—from selling their shares for a set period after a public stock offering. It matters to investors because it keeps a large block of shares off the market temporarily; when the lock-up ends, those holders can sell and this increased supply can cause the stock price to fall, similar to a timed release that suddenly opens a valve.
shelf registration statement regulatory
"pursuant to a shelf registration statement on Form F-3, as amended, including a base prospectus"
A shelf registration statement is a document a company files with regulators that allows it to sell shares or bonds quickly when it’s a good time to raise money. It’s like having a pre-approved plan ready so the company can act fast without going through lengthy paperwork each time they want to sell, making fundraising more flexible.
Offering Type shelf
Use of Proceeds General corporate purposes, including working capital, product development, and expansion of AI-powered technology platforms and related infrastructure

 

 

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 May 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 offices)

 

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 May 22, 2026, Global Mofy AI Limited, an exempted company incorporated and registered under the laws of the Cayman Islands (the “Company”), entered into certain securities purchase agreements (each, a “Securities Purchase Agreement”) with certain investors (the “Investors”) for a registered direct offering (the “Offering”) of (i) 8,247,420 Class A ordinary shares, par value US$0.00003 each of the Company (“Class A Ordinary Shares”), (ii) 8,247,420 series A warrants to purchase up to 8,247,420 Class A Ordinary Shares (“Series A Warrants”), (iii) 8,247,420 series B warrants to purchase up to 8,247,420 Class A Ordinary Shares (“Series B Warrant”, together with the Series A Warrant, the “Warrants”). The offering price of $0.97 for (i) one Class A Ordinary Share, (ii) one Series A Warrant, and (iii) one Series B Warrant (the “Offering Price”), for total gross proceeds of approximately US$8 million, before deducting placement agent fees and other offering expenses.

 

The Series A Warrants are exercisable immediately after the date of issuance at an initial exercise price of $0.97 and will have a term of five (5) years after issuance. The Series B Warrants are exercisable immediately after the eleventh (11th) trading day at an initial exercise price of $0.97 and will have a term of two (2) years after issuance.

 

On the eleventh (11th) trading day (the “Reset Date”) after the Reset Period Start Date (as defined as the initial Trading Date following the issuance date), the exercise price of Series A Warrants will be adjusted to the lower of (i) the exercise price then in effect and (ii) the Reset Price, which equals 80% of the lowest weighted average price of the Class A Ordinary Shares during the period commencing on the Reset Period Start Date and ending on the tenth (10th) trading day after the Reset Period Start Date (the “Reset Period”), subject to the floor price of $0.194. Upon any such reset, the number of Warrant Shares issuable will be proportionately adjusted so that the aggregate exercise price remains constant.

 

The Series B Warrants may be exercised on a cashless basis at any time, irrespective of the availability of a registration statement for the resale of the Warrant Shares or the availability of Rule 144. The net number of Class A Ordinary Shares deliverable upon such cashless exercise is determined by a formula based on the weighted average price of the Class A Ordinary Shares, the exercise price, and the number of shares being exercised. In addition, the holder may elect an “alternative cashless exercise” before the Expiration Date, in which case the aggregate number of Warrant Shares issuable equals the product of (x) the aggregate number of Warrant Shares that would be issuable upon a cash exercise, multiplied by (y) 1.0.

 

Other than the adjustments above, in no event shall the exercise price of the Series A Warrants and Series B Warrants be reduced below a floor price of $0.194, as adjusted for share subdivisions, dividends, recapitalizations, reorganizations, reclassification, share consolidations or other similar events.

  

The Company’s securities described above were offered pursuant to an effective registration statement on Form F-3 (SEC File No. 333-294113), that was previously filed with the Securities and Exchange Commission (the “Commission”) on March 6, 2026, and declared effective on March 18, 2026 (the “Registration Statement”), the base prospectus filed as part of the Registration Statement, and the prospectus supplement dated May 26, 2025. The Registration Statement, the base prospectus and the prospectus supplement relating are available on the SEC’s website at www.sec.gov.

 

The Company also entered into Placement Agency Agreement dated May 22, 2026 (the “Placement Agency Agreement”) with D. Boral Capital LLC. to act as exclusive placement agent on a best efforts basis in connection with this Offering (the “Placement Agent”). The Company agreed to pay the Placement Agent a cash fee equal to 7% of the gross proceeds raised in the Offering and a reimbursement of expenses of up to $100,000.

 

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Pursuant to the Placement Agency Agreement and the Securities Purchase Agreement, (i) each of our directors and executive officers, and (ii) 5% or more holders of Ordinary Shares have entered into lock-up agreements (the “Lock-Up Agreements”) that generally prohibit the sale, transfer, or other disposition of our securities, without the prior written consent of the Placement Agent, for a period of six (6) months following the date of the Securities Purchase Agreement.

 

The Securities Purchase Agreements contain customary representations, warranties and covenants of the Company and the Investors, as well as customary indemnification obligations of the parties. The Company issued the Shares and the Warrants on May 26, 2026. The Company received gross proceeds, before deducting any fees or expenses, of approximately $8 million. The company plan to use the proceeds for working capital purposes.

 

The foregoing description of the Placement Agency Agreement, the Warrants, the Securities Purchase Agreement, and the Lock-Up Agreements, are qualified in their entirety by reference to the full text of each of the Placement Agency Agreement, the Warrants, the Securities Purchase Agreement, and the Lock-Up Agreements, the forms of which are attached hereto as Exhibit 1.1, 4.1, 10.1 and 10.2, respectively, to this Report on Form 6-K (this “Report”), and which are incorporated herein in their entirety by reference.

 

Copies of the opinions of Ogier and Ortoli Rosenstadt LLP relating to the legality of the issuance and sale of the Shares and the Warrants, respectively, are filed as Exhibits 5.1 and 5.2 hereto, respectively.

 

Pursuant to the Offering, on May 22, 2026, the Company issued a press release announcing the pricing of the Offering. A copy of the press release announcing the pricing of the Offering is furnished as Exhibit 99.1 hereto. On May 26, 2026, the Company issued a press release announcing the closing of the Offering. A copy of the press release announcing the closing of the Offering is furnished as Exhibit 99.2 hereto.

 

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.

 

This Report shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.

 

This Report contains forward-looking statements. Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions or any other statements related to our future activities, future events or conditions. These statements are based on current expectations, estimates and projections about the Company’s business based, in part, on assumptions made by management. These statements are not guarantees of future performances and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in the forward-looking statements due to numerous factors, including those risks discussed in the Registration Statement, and in other documents the Company files from time to time with the Commission. Any forward-looking statements speak only by the date on which they are made, and the Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this Report, except as required by law.

 

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EXHIBIT INDEX

 

Exhibit No.   Description
1.1   Form of Placement Agency Agreement
4.1   Form of Series A Warrant
4.2   Form of Series B Warrant
5.1   Opinion of Ogier
5.2   Opinion of Ortoli Rosenstadt LLP
10.1   Form of Securities Purchase Agreement
10.2   Form of Lock-Up Agreement
99.1   Press Release dated May 22, 2026
99.2   Press Release dated May 26, 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: May 26, 2026 By: /s/ Haogang Yang
  Name: Haogang Yang
  Title: Chief Executive Officer and Chairman of the Board of Directors  

 

 

4

 

 

Exhibit 99.1

 

Global Mofy AI Limited Announces Pricing of $8 Million Registered Offering

 

BEIJING, May 22, 2026 (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, today announced the pricing of its registered direct offering (the “Offering”) of (i) 8,247,420 Class A ordinary shares, par value US$0.00003 each of the Company (“Class A Ordinary Shares”), (ii) 8,247,420 series A warrants to purchase up to 8,247,420 Class A Ordinary Shares (“Series A Warrants”), (iii) 8,247,420 series B warrants to purchase up to 8,247,420 Class A Ordinary Shares (“Series B Warrant”, together with the Series A Warrant, the “Warrants”) at an offering price of $0.97 per Class A Ordinary Share and accompanying Warrants (the “ Offering Price”) for total gross proceeds of approximately US$8 million, before deducting placement agent fees and other offering expenses.

 

The Company intends to use the net proceeds from the offering for general corporate purposes, which may include working capital, product development, and the continued build-out and expansion of its AI-powered technology platforms and related infrastructure.

 

The offering is expected to close on or about May 26, 2026, subject to the satisfaction of customary closing conditions.

 

D. Boral Capital is acting as the exclusive placement agent for the offering.

 

The securities described above are being offered by the Company pursuant to a shelf registration statement on Form F-3, as amended, including a base prospectus, previously filed with and declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on March 6, 2026 and March 18, 2026, respectively. The offering is being made only by means of a prospectus supplement and accompanying base prospectus. A final prospectus supplement related to the Offering will be filed with the SEC and will be available on the SEC’s website located at www.sec.gov. A copy of the final prospectus supplement and the accompanying prospectus relating to the Offering may also be obtained, when available, from: D Boral Capital, at 590 Madison Avenue, New York, NY 10022, attention: D. Boral Capital LLC, by telephone at +1 (212) 970-5150, or by email at dbccapitalmarkets@dboralcapital.com.

 

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these 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 any 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 Metaverse is one of the leading digital asset banks in China, which consists of more than 150,000 high-precision 3D digital assets. For more information, please visit www.globalmofy.ai 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. 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, our ability to keep pace with new technology and changing market needs, and the competitive environment of our business. These and other factors may cause our actual results to differ materially from any forward-looking statement. 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 Limited

Investor Relations Department

ir@mof-vfx.com

 

 

Exhibit 99.2

 

Global Mofy AI Limited Announces Closing of $8 Million Registered Offering

 

BEIJING, May 26, 2026 (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, today announced the closing of its previously announced registered direct offering (the “Offering”) of (i) 8,247,420 Class A ordinary shares, par value US$0.00003 each, of the Company (“Class A Ordinary Shares”), (ii) 8,247,420 Series A warrants to purchase up to 8,247,420 Class A Ordinary Shares (“Series A Warrants”), and (iii) 8,247,420 Series B warrants to purchase up to 8,247,420 Class A Ordinary Shares (“Series B Warrants,” together with the Series A Warrants, the “Warrants”), at an offering price of US$0.97 per Class A Ordinary Share and accompanying Warrants. The gross proceeds to the Company from the Offering were approximately US$8 million, before deducting placement agent fees and other offering expenses.

 

The Company intends to use the net proceeds from the Offering for general corporate purposes, which may include working capital, product development, and the continued build-out and expansion of its AI-powered technology platforms and related infrastructure.

 

D. Boral Capital acted as the exclusive placement agent for the Offering. Ortoli Rosenstadt LLP acted as U.S. securities counsel to the Company, and Loeb & Loeb LLP acted as U.S. securities counsel to the placement agent, in connection with the Offering.

 

The securities described above were offered by the Company pursuant to a shelf registration statement on Form F-3, as amended, including a base prospectus, previously filed with the Securities and Exchange Commission (the SEC) on March 6, 2026, and declared effective by the SEC on March 18, 2026. The Class A ordinary shares and accompanying warrants were offered only by means of a prospectus supplement and accompanying base prospectus forming a part of the effective registration statement. A prospectus supplement and accompanying prospectus relating to, and describing the terms of, the Offering were filed with the SEC and are available for free on the SECs website at www.sec.gov. Electronic copies of the prospectus supplement and accompanying prospectus may also be obtained by contacting D. Boral Capital LLC, 590 Madison Avenue, New York, NY 10022, by telephone at +1 (212) 970-5150, or by email at dbccapitalmarkets@dboralcapital.com.

 

This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any 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 Metaverse is one of the leading digital asset banks in China, which consists of more than 150,000 high-precision 3D digital assets. For more information, please visit www.globalmofy.ai 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. 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, our ability to keep pace with new technology and changing market needs, and the competitive environment of our business. These and other factors may cause our actual results to differ materially from any forward-looking statement. 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 Limited

Investor Relations Department

ir@mof-vfx.com

 

 

 

 

 

FAQ

What did Global Mofy AI (GMM) raise in its May 2026 offering?

Global Mofy AI raised gross proceeds of about $8 million through a registered direct offering. It sold 8,247,420 Class A ordinary shares together with equal numbers of Series A and Series B warrants at $0.97 per share and accompanying warrants.

What securities were issued in Global Mofy AI’s $8 million registered offering?

The company issued 8,247,420 Class A ordinary shares, plus 8,247,420 Series A warrants and 8,247,420 Series B warrants. Each share was sold with one Series A and one Series B warrant at an offering price of $0.97 for the combined package.

How do Global Mofy AI’s Series A and Series B warrants work?

Series A warrants are exercisable immediately for five years at an initial $0.97 exercise price. Series B warrants become exercisable after the eleventh trading day for two years, allow cashless and alternative cashless exercise, and both series have a reset feature with a $0.194 floor price.

What will Global Mofy AI use the $8 million of gross proceeds for?

Global Mofy AI plans to use net proceeds for general corporate purposes, including working capital, product development, and continued build‑out and expansion of its AI‑powered technology platforms and related infrastructure, as described in the offering disclosure and press releases.

What fees and lock-up terms apply to Global Mofy AI’s registered offering?

The company agreed to pay the placement agent a 7% cash fee on gross proceeds plus up to $100,000 of expenses. Directors, executive officers, and holders of 5% or more of ordinary shares signed six‑month lock‑up agreements restricting sales without the placement agent’s consent.

Under which registration statement did Global Mofy AI conduct this offering?

The securities were offered under an effective Form F-3 shelf registration statement, Registration No. 333-294113. A base prospectus and a prospectus supplement dated May 26, 2025 described the terms of the offering and are available on the SEC’s website.

Filing Exhibits & Attachments

9 documents