Global Mofy AI Ltd (GMM) Form 6-K — Oct 20, 2026
Global Mofy AI Limited entered a Share Exchange and Investment Agreement on October 19, 2026 to issue 3,000,000 Class B ordinary shares at US$1.30 per share (US$3.9 million aggregate) in exchange for a 4.875% stake in Qifei (Shanghai) Technology, an AI intelligent-systems firm valued at US$80 million. Combined with a prior 5.06% stake, the Company's subsidiary will hold 9.935% of Qifei after closing. Chairman and CEO Haogang Yang is the sole beneficial owner of both the seller and the share recipient, making this a related-party transaction in which he has a material interest on both sides.
Key figures
- Deal Value Usd
- 3900000
- Offering Price
- 1.3
- Shares Offered
- 3000000
- Class b votes per share
- 20
- Indemnification cap pct
- 10% of consideration share value
- Target stake acquired pct
- 4.875%
- Class a shares outstanding
- 9587663
- Indemnification basket usd
- 19500
- Target post money valuation usd
- 80000000
- Class b shares outstanding prior
- 163344
- Yang voting power after issuance pct
- 87.9%
- Subsidiary aggregate stake after closing pct
- 9.935%
AI analysis
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