Global Mofy Metaverse Limited Announces Pricing of $6,000,000 Initial Public Offering

Global Mofy Metaverse Limited, a leading technology solutions provider in the metaverse industry, has announced the pricing of its initial public offering (IPO) on The Nasdaq Capital Market. The company will offer 1,200,000 ordinary shares at a public offering price of $5.00 per share, resulting in total gross proceeds of $6,000,000. The shares are expected to commence trading on October 10, 2023, under the ticker symbol “GMM”.

Mofy Metaverse has gained approval for listing on The Nasdaq Capital Market, a significant achievement that reflects the company’s strong potential in the metaverse industry. The IPO is being conducted on a firm commitment basis, with Prime Number Capital, LLC acting as the sole bookrunner for the offering.

The company’s proprietary “Mofy Lab” technology platform, which combines cutting-edge three-dimensional (3D) rebuilt technology and artificial intelligence (AI) interactive technology, allows Mofy Metaverse to create highly realistic 3D virtual versions of physical objects. These virtual assets can be utilized in various applications, including movies, TV series, AR/VR, animation, advertising, and gaming.

With over 7,000 high-precision 3D digital assets, Mofy Metaverse has established itself as one of the leading digital asset banks in China. The company’s strong technology platform and industry track record have enabled it to attract high-profile customers and secure repeat business.

The proceeds from the IPO will be allocated towards several key areas. Mofy Metaverse plans to continue investing in research and development to enhance its core technologies. Additionally, the funds will be utilized for marketing efforts, potential acquisitions, business expansion, talent acquisition and training, as well as working capital requirements.

The registration statement for the IPO has been filed with the Securities and Exchange Commission (SEC) and was declared effective on September 28, 2023. Interested investors can obtain copies of the final prospectus related to the offering from Prime Number Capital, LLC or through the SEC’s website.

Mofy Metaverse’s IPO marks a significant milestone for the company as it seeks to capitalize on the growing opportunities in the metaverse industry. With its innovative technology solutions and strong market position, Mofy Metaverse is well-positioned to drive growth and deliver value to its shareholders.

Investors are advised to carefully review the prospectus and other relevant documents filed by the company with the SEC before making any investment decisions. The company’s forward-looking statements should be considered in the context of the risks and uncertainties outlined in its filings with the SEC.

For more information about the IPO, please contact Prime Number Capital LLC or WFS Investor Relations Inc., the company’s investor relations partner.