DivestmentJun 24, 2026, 08:13 AM
Gaxos.ai Sells Gaming Assets for $1.76M All-Stock Deal
AI Summary
Gaxos.ai Inc. announced the completion of the sale of its gaming assets, including its mobile game portfolio and Gaxos Gaming Labs, to Game Foundry AI. The transaction was an all-stock deal valued at approximately $1.76 million. This divestment is part of Gaxos' strategy to streamline operations and focus on higher-margin, revenue-generating AI business lines. Additionally, Gaxos acquired 250,000 shares of Game Foundry AI for $200,000.
Key Highlights
- Gaxos.ai completed the sale of its gaming assets to Game Foundry AI.
- The transaction was structured as an all-stock deal valued at approximately $1.76 million.
- Assets sold include Gaxos' portfolio of mobile games and Gaxos Gaming Labs.
- Gaxos aims to concentrate resources on revenue-generating AI business lines and higher-margin opportunities.
- Gaxos acquired 250,000 shares of Game Foundry AI common stock for $200,000.
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