Global Mofy AI (GMM) Prices 5M Unit Offering at $0.50/unit

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GLOBAL MOFY AI LIMITED Announces $2.5 Million Private Placement Financing

October 15, 2024 8:30 AM EDT

BEIJING, Oct. 15, 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 that it has entered into a Securities Purchase Agreement (the SPA) with certain non-U.S. investors (each individually, a Purchaser, and collectively, the Purchasers). Pursuant to the SPA, the Company will sell and issue up to 5,000,000 units (each a Unit, and collectively, the Units) to the Purchasers in a private placement financing transaction (the Offering) at an... More