Global Mofy Metaverse Limited Prices IPO at $5 Per Share
Global Mofy Metaverse Limited (GMM) Sets IPO Pricing
Global Mofy Metaverse Limited (GMM) has announced the pricing of its initial public offering (IPO) at $5.00 per share. The IPO consists of 1,200,000 ordinary shares, resulting in total gross proceeds of $6,000,000. After deducting underwriting discounts and offering expenses, GMM expects to receive the net proceeds. The Ordinary Shares have been approved for listing on The Nasdaq Capital Market and are scheduled to commence trading on October 10, 2023, under the ticker symbol “GMM”.
Opportunity for Additional Shares
The underwriters of the IPO have been granted an option to purchase up to an additional 180,000 ordinary shares within 45 days from the closing date of the offering. This option allows the underwriters to cover over-allotment, if any, at the public offering price, less underwriting discounts.
Closing and Conditions
The IPO is expected to close on October 12, 2023, subject to the satisfaction of customary closing conditions. The offering is being conducted on a firm commitment basis, with Prime Number Capital, LLC acting as the sole bookrunner.
Utilization of Proceeds
GMM intends to allocate the proceeds from the IPO towards various aspects of its business. The funds will be used for continued research and development of core technologies, marketing efforts, potential acquisitions and business expansion, talent acquisition and training, as well as working capital.
Registration Statement and Prospectus
A registration statement on Form F-1 (File No. 333-268553) relating to the IPO has been filed with the Securities and Exchange Commission (SEC) and was declared effective on September 28, 2023. The offering is being made solely through a prospectus, and interested investors are advised to review the prospectus and other related documents filed with the SEC for comprehensive information about GMM and the offering.
Copies of the final prospectus can be obtained from Prime Number Capital, LLC via email at info@pncps.com or through standard mail. Additionally, the SEC’s website provides access to the final prospectus.
Investors are encouraged to carefully consider the prospectus and other available information before making any investment decisions. This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities mentioned herein. The securities will not be sold in any jurisdiction where such an offer, solicitation, or sale would be unlawful without proper registration or qualification under the applicable securities laws.
