Global Mofy AI Ltd. (NASDAQ:GMM) shares climbed 34.04% to $0.2453 pre-market on Wednesday as investors digested a fully closed registered direct offering that raised approximately $8 million in gross proceeds.
What You Should Know
The Beijing-based generative AI and 3D digital asset company priced over 8.2 million Class A ordinary shares, par value $0.00003 each, alongside Series A and Series B warrants at $0.97 per unit.
D. Boral Capital served as the exclusive placement agent. According to the company, proceeds are earmarked for working capital, product development, and AI platform infrastructure.
On Tuesday, Global Mofy also announced its operating subsidiary co-drafted China’s first group standard for AI video production personnel, effective May 21. The standard was released by the China Culture Promotion Association, a national social organization registered with China’s Ministry of Civil Affairs and operating under the business guidance of the Ministry of Culture and Tourism.
