Global Mofy AI Shares Surge 60% After 1-for-50 Split
GMM•Global Mofy AI completed a 1-for-50 reverse stock split, cutting Class A shares from 89.58 million to 1.79 million and Class B shares from 8.17 million to 160,000. Shares surged 60% premarket and Mofy Clip invested in two AI-powered micro-drama series for ByteDance’s Hongguo Short Drama platform.
1. Reverse Stock Split Execution
Global Mofy AI executed a 1-for-50 reverse stock split following shareholder approval, reducing Class A shares from 89.58 million to 1.79 million and Class B shares from 8.17 million to 160,000 to maintain exchange listing compliance.
2. Premarket Surge and Technical Outlook
Shares surged over 60% in premarket trading as investors reacted to the consolidation, with traders monitoring key resistance levels near recent highs to evaluate whether momentum can sustain the rally.
3. Investment in AI Micro-Drama Series
The company’s content brand Mofy Clip invested in two AI-powered micro-drama series with Hongguo Short Drama, part of ByteDance’s ecosystem, expanding its footprint in AI-driven entertainment content production.
