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Global Mofy AI Limited's February 2025 Form 6-K Report: Key Securities Updates

$GMM
Form 6-K
Filed on: 2025-02-24
Source
Global Mofy AI Limited's February 2025 Form 6-K Report: Key Securities Updates

Here are the key insights extracted from the financial report section provided:

  1. Company Overview:
  • Name: Global Mofy AI Limited
  • Commission File Number: 001-41834
  • Location: Gaobeidian Township, Chaoyang District, Beijing, People's Republic of China
  • Contact: +86-10-64376636
  1. Report Type: This is a Form 6-K report, which is a report of a foreign private issuer filed under the Securities Exchange Act of 1934.
  2. Reporting Period: This report pertains to the month of February 2025.
  3. Securities Issuance:
  • The company previously disclosed on November 6, 2024, the issuance of:
    • 333,335 Class A ordinary shares with a par value of $0.00003 per share.
    • Warrants to purchase an aggregate of 19,801,985 Class A ordinary shares.
  • This issuance was part of a private placement under a Securities Purchase Agreement dated October 31, 2024.
  1. Reverse Stock Split: The number of shares and warrants mentioned above has been adjusted due to a one-for-fifteen reverse stock split that occurred in November 2024.
  2. Warrant Details:
  • Exercise Price: $1.515 per Class A ordinary share.
  • Exercise Options: Warrants can be exercised for cash or through a cashless exercise method, with an alternate cashless exercise option available after three months of issuance.
  1. Warrant Assignment:
  • On January 28, 2025, 8,000,000 Warrants were assigned to certain assignees.
  1. Warrant Exercise:
  • On February 17, 2025, holders exercised 18,237,500 Warrants through the alternative cashless exercise option, resulting in the issuance of 14,590,000 shares.
  1. Outstanding Shares:
  • As of the date of the report, the company has:
    • 16,673,031 Class A ordinary shares outstanding.
    • 848,203 Class B ordinary shares outstanding.
  1. Registration of Shares: The shares issued from the warrant exercises are registered under Form F-1, which was initially filed on December 4, 2024.
  2. Signature: The report is signed by Haogang Yang, who serves as the Chief Executive Officer, Director, and Chairman of the Board, dated February 24, 2025.

These points summarize the essential aspects of the report, focusing on the company's securities transactions, share structure, and executive sign-off.