BEIJING, June 09, 2025 (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 completed a strategic investment in WETRUCK TECHENABLE SOLUTIONS PLC (“Wetruck AI”), a digital freight platform headquartered in Ethiopia. This investment marks Global Mofy’s first direct m ...

Core Viewpoint - Global Mofy AI Limited has announced a private placement of securities to raise approximately US$4 million for corporate purposes, including product development and expansion of its AI technology platforms [1][4]. Group 1: Securities Offering - The company will issue up to 2,030,460 Class A ordinary shares and 2,030,460 warrants, with a combined purchase price of US$1.97 per share and warrant, representing 101% of the Nasdaq Minimum Price [2]. - Each warrant will have an initial exercise price of US$2.36 per share, will be immediately exercisable, and will expire five years from issuance [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be used for general corporate purposes, including working capital, product development, and the expansion of AI-powered technology platforms, particularly the Gauss AI Lab [4]. Group 3: 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 [7]. - The company utilizes its proprietary "Mofy Lab" technology platform to create high-definition virtual versions of various physical objects, applicable in movies, TV series, AR/VR, animation, advertising, and gaming [7]. - Global Mofy is recognized as one of the leading digital asset banks in China, with over 100,000 high-precision 3D digital assets [7].