Global Mofy AI Limited (NASDAQ:GMM) Completes 50-for-1 Reverse Stock Split

• Global Mofy AI Limited (NASDAQ:GMM) executed a 50-for-1 reverse stock split on June 11, 2026, to consolidate its shares.
• This corporate action aims to increase the price per share by reducing the total number of outstanding shares.
• The decision was approved by shareholders on January 5, 2026, and the 1-for-50 ratio was finalized by the Board of Directors on May 26, 2026.

Global Mofy AI Limited (NASDAQ:GMM) is an artificial intelligence company with a market capitalization of approximately $89.78 million. The company provides virtual content and digital marketing services. Global Mofy AI Limited's stock currently trades at $3.04, having seen significant volatility over the past year with a price range between $2.50 and $164.50.

On June 11, 2026, Global Mofy AI Limited executed a 50-for-1 reverse stock split for its shares. A reverse stock split is a corporate action where a company reduces its total number of outstanding shares. This action consolidates shares into fewer, proportionally more valuable ones, thereby increasing the price per share.

The split applies to both Global Mofy AI Limited's class A and class B ordinary shares. Following the event, the class A shares began trading on a split-adjusted basis while keeping the same "GMM" ticker symbol. A new CUSIP number, G3937M205, was assigned to the class A shares to identify them after the split.

This decision was not made suddenly. The company's Board of Directors finalized the 1-for-50 ratio on May 26, 2026. This followed an earlier approval from shareholders during the annual meeting on January 5, 2026, which granted the board the authority to decide on a final split ratio.