GlobeNewsWire
09 Jun 2026, 15:50 UTC · 2h ago
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Global Mofy AI Limited (GMM) will execute a 1-for-50 reverse stock split effective June 11, 2026. — Reverse splits are often perceived by the market as a defensive move to avoid delisting due to low share prices, which can signal underlying weakness.
-0.40The reverse split will reduce the number of outstanding class A shares from approximately 89.58 million to 1.79 million. — This is a mechanical result of the split that reduces liquidity and the float of the stock.
-0.10Ticker attribution
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The company is implementing a 1-for-50 reverse stock split, which is often viewed by the market as a sign of financial distress or an attempt to avoid delisting.
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