Global Mofy AI Limited – Securities Purchase Agreements and Offering
Global Mofy AI Limited has entered into securities purchase agreements for a registered direct offering, raising approximately $8 million. The offering includes Class A ordinary shares and warrants. The Series A warrants are exercisable immediately with a five-year term and are subject to a reset price adjustment. The Series B warrants are exercisable after eleven trading days with a two-year term and can be exercised on a cashless basis. The company has engaged D. Boral Capital LLC as an exclusive placement agent, agreeing to pay a 7% fee and reimburse expenses up to $100,000. Directors, executive officers, and major shareholders have entered into lock-up agreements for six months. The proceeds will be used for working capital purposes. The offering was made under an effective registration statement on Form F-3.