🔴 Global Mofy Metaverse is trading 5% down today after Qifei stake deal involving 3 million shares

Global Mofy Metaverse is trading 5.15% down at $1.00 after disclosing a deal to issue 3 million Class B shares valued at $3.9 million for an additional 4.875% stake in Qifei.

• Benzinga reported the shares fell after-hours following the announcement and identified the deal as a related-party transaction involving the CEO.
• The Nasdaq is down 2.30%, while Bitcoin and Ethereum are each down more than 3%, potentially weighing on shares.
• No current trading-volume figure was provided.