NEWS
Global Mofy AI Limited Announces Effective Date of Reverse Stock Split
Global Mofy AI (GMM) announced a 1-for-15 reverse stock split effective November 26, 2024. The split will reduce outstanding shares from approximately 42.2 million to 2.8 million. The company's Class A ordinary shares will continue trading under 'GMM' with a new CUSIP number G3937M114. The move aims to comply with Nasdaq's minimum bid price requirement of $1.00 per share. The split adjusts the par value to $0.00003 per share, with outstanding warrants and options being proportionally adjusted. Fractional shares will be rounded up to the nearest whole share.
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