Global Mofy AI secures $4 million in private placement

Published 16/04/2025, 13:38
Global Mofy AI secures $4 million in private placement

BEIJING - Global Mofy AI Limited (NASDAQ:GMM), a provider of generative AI-driven technology solutions, announced a private placement of securities totaling approximately $4 million. The Beijing-based company, specializing in virtual content production and 3D digital assets, will issue over 2 million Class A ordinary shares and an equal number of warrants, with the latter exercisable immediately upon issuance. The company, currently valued at $34.69 million, has demonstrated strong financial performance with revenue of $41.36 million and impressive growth of 54% in the last twelve months. According to InvestingPro analysis, GMM maintains a healthy balance sheet with more cash than debt.

The combined purchase price for each share and accompanying warrant is set at $1.97, slightly above the Nasdaq Minimum Price based on the Nasdaq Official Closing Price on April 14, 2025. The warrants, with an exercise price of $2.36 per share, will expire five years from the issuance date and are adjustable in terms of exercise price and the number of shares issuable. InvestingPro analysis suggests the stock is currently trading below its Fair Value, with 14 additional key insights available to subscribers, including detailed valuation metrics and growth prospects.

Global Mofy AI plans to allocate the net proceeds from this offering towards general corporate purposes. These include bolstering working capital, further developing products, and expanding its AI-powered technology platforms. A significant investment is earmarked for the Gauss AI Lab, a recently announced initiative. The company’s strong financial health is reflected in its current ratio of 1.42 and robust gross profit margin of 50.3%, suggesting efficient operational management. For detailed financial analysis and real-time updates, investors can access comprehensive metrics through InvestingPro.

The securities offered have not been registered under the Securities Act of 1933 and, therefore, may not be sold in the United States absent registration or an exemption from registration requirements. Global Mofy AI has committed to filing a registration statement with the SEC for the resale of the Class A Ordinary Shares and shares issuable upon exercising the warrants.

This press release should not be construed as an offer to sell or a solicitation of an offer to buy these securities in any jurisdiction where such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

Global Mofy AI is known for its proprietary Mofy Lab technology platform, which produces high-definition virtual versions of physical objects for various applications across the digital content industry. With one of China’s largest digital asset banks, the company boasts a portfolio exceeding 100,000 high-precision 3D digital assets.

This news article is based on a press release statement and contains forward-looking statements that involve risks and uncertainties. These statements are not guarantees of future performance and could differ materially from current expectations.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.