IPO - Global Mofy AI Ltd

Form Type: F-3

Filing Date: 2025-01-28

Corporate Action: Ipo

Type: New

Accession Number: 000121390025007550

Filing Summary: Global Mofy AI Ltd is filing a registration statement with the SEC on Form F-3 to offer securities, including Class A Ordinary Shares, share purchase contracts, warrants, debt securities, and more, up to an aggregate initial offering price of $100,000,000. This offering is intended to occur from time to time after this registration becomes effective. The company has a dual class structure of share capital, with Class A and Class B Ordinary Shares. There are 2,083,031 Class A and 848,203 Class B Ordinary Shares outstanding, reflecting a recent reverse share split intended to align with Nasdaq compliance requirements concerning minimum bid prices. Currently, Class A shares closed at $3.61 on January 24, 2025, showing a substantial price range over the past year. The document also details risks associated with regulatory changes in China, emphasizing the potential challenges of foreign ownership and cybersecurity regulations affecting their operations. Investors are hereby cautioned about the unique risks due to the holding company structure and the operational limits due to regulatory frameworks in China.

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