Global Mofy AI Limited Receives Nasdaq Notification Letter Regarding Minimum Closing Bid Price Requirement

Notification of Non-Compliance

Global Mofy AI Limited, a leader in generative AI-driven technology solutions, announced receiving a Notification Letter from Nasdaq on September 25, 2024. The letter addressed the Company’s failure to meet the minimum closing bid price requirement.

Compliance Period Extension

The Company has been granted a 180-day compliance period by Nasdaq to regain compliance with the Listing Rules. If the closing bid price per share reaches $1.00 or higher for ten consecutive business days by March 24, 2025, Nasdaq will confirm compliance.

Future Plans and Monitoring

Global Mofy AI Limited intends to actively monitor the bid price for its shares and explore strategies to regain compliance within the specified period. The company remains committed to meeting the continued listing requirements.

About Global Mofy AI Limited

Global Mofy AI Limited is a pioneer in generative AI-driven technology solutions for virtual content production and the development of digital assets. With its innovative “Mofy Lab” technology platform, the Company creates high-definition 3D digital assets for various applications in the digital content industry.

Forward-Looking Statements

This press release contains forward-looking statements regarding the Company’s plans, objectives, and future performance. Investors are advised to consider the risks and uncertainties outlined in the SEC filings before making investment decisions.