Global Mofy AI Limited Announces Closing of $4 Million Private Placement Financing

Core Viewpoint - Global Mofy AI Limited successfully closed a private placement financing, raising approximately $4 million to support its strategic growth initiatives and product development in the generative AI-driven technology sector [1][3][4]. Financing Details - The Company issued 2,030,460 Class A ordinary shares and 2,030,460 warrants, each warrant allowing the purchase of one Class A Ordinary Share at an initial exercise price of $2.36, with a five-year expiration from the issuance date [2][3]. - Gross proceeds from the Offering were approximately $4 million, which will be allocated for general corporate purposes, including working capital and investment in AI-powered platforms like the Gauss AI Lab [3][4]. 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 [6]. - The Company utilizes its proprietary "Mofy Lab" technology platform to create high-definition 3D digital assets applicable in various sectors, including movies, TV series, AR/VR, animation, advertising, and gaming [6]. - Global Mofy is recognized as one of the leading digital asset banks in China, boasting over 100,000 high-precision 3D digital assets [6].