Core Viewpoint - Global Mofy AI Limited has regained compliance with Nasdaq's minimum bid price requirement, allowing it to continue its listing on the Nasdaq Capital Market [1][2]. Group 1: Compliance with Nasdaq Requirements - The company was notified on September 25, 2024, that it was not in compliance with the minimum bid price requirement due to its Class A ordinary shares failing to maintain a minimum bid price of 1.00 or more for at least 10 consecutive trading days, which it successfully achieved from November 26, 2024, to December 10, 2024 [2]. - Nasdaq has confirmed that the compliance issue is now resolved and the matter is closed [2]. Group 2: Company Overview - Global Mofy AI Limited is a generative AI-driven technology solutions provider focused on virtual content production and the development of 3D digital assets for the digital content industry [3]. - The company utilizes its proprietary "Mofy Lab" technology platform, which integrates interactive 3D and AI technology to create high-definition virtual representations of various physical objects [3]. - Global Mofy Metaverse is recognized as one of the leading digital asset banks in China, boasting over 100,000 high-precision 3D digital assets applicable in movies, TV series, AR/VR, animation, advertising, and gaming [3].
Global Mofy Regains Compliance with Nasdaq Minimum Bid Price Rule