Global Mofy AI 1-for-50 Reverse Split

Global Mofy AI Limited announced a 1-for-50 reverse stock split for its class A and class B ordinary shares, effective June 11, 2026. This decision, approved by shareholders on January 5, 2026, and determined by the Board of Directors on May 26, 2026, will combine every fifty existing shares into one new share. The split will reduce the outstanding class A ordinary shares from approximately 89.58 million to 1.79 million and class B ordinary shares from 8.17 million to 0.16 million. No fractional shares will be issued; shareholders entitled to a fractional share will receive one full share. The company's class A ordinary shares will trade on an adjusted basis under the existing ticker symbol 'GMM' on Nasdaq-100. A correction was issued regarding the initial announcement, clarifying the ratio from sixty to fifty shares.