GLOBAL MOFY AI LIMITED Announces Closing of $2.5 Million Private Placement Financing

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BEIJING, Nov.06, 2024 (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 for use in the broader digital content industry, today announced the successful closing of its previously announced private placement financing (the "Offering”) on October 31, 2024.

In connection with the closing of the Offering, the Company issued an aggregate of 5,000,000 Class A ordinary shares, par value $0.000002 per share (each an "Class A Ordinary Share”), and 10,000,000 warrants (each a "Warrant”), each to purchase one Class A Ordinary Share at an exercise price of $3.00 per share, subject to adjustment, pursuant to the securities purchase agreement dated October 13, 2024, as amended on October 31, 2024, by and between the Company and each investor.

About Global Mofy AI LimitedGlobal 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.

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Author / Journalist: GLOBAL MOFY AI LIMITED

Category: Technology

Markets: ChinaUnited States

Topics: KYG3937M1069 Nasdaq:GMM

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News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-06 @ 21:30:00 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: globenewswire.com

Language: English

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