GMM.US, a global leader in AI, rose nearly 19% after being awarded "Member Unit of Industrial Brand Construction Promotion Organization"

Zhitong Finance learned that on Monday, November 18, GMM.US, Global Meme, rose 18.71% to US$0.284. On the news front, on November 12, Global Meme announced that it had been granted the title of "Member Unit of Industrial Brand Construction Promotion Organization" by the Industrial Culture Development Center of the Ministry of Industry and Information Technology.

It is reported that this honor not only demonstrates the company's firm determination in promoting industry brand development, but also deeply reflects its contributions in the field of digital content. GMM is a digital content operator driven by generative AI technology, focusing on virtual content production and 3D digital asset development.

Moreover, earlier, GMM announced the completion of a $2.5 million private placement financing. The Company also adopted a significant structural reform by passing the third revision and restatement of its Articles of Incorporation and Bylaws, increasing its operating flexibility. Its authorized capital is US$1.02 million, allowing it to issue various types of shares and expand its capital structure as needed. This move gives the Company potential growth and adaptability in the competitive global market.