DivestmentJun 25, 2026, 04:17 PM
Gaxos.ai Sells Gaming Assets for $1.76M in Game Foundry AI Stock
AI Summary
Gaxos.ai Inc. has completed the sale of substantially all its gaming assets, including its mobile game portfolio and Gaxos Gaming Lab, to Game Foundry AI. The transaction, valued at an estimated $1.76 million, was an all-stock deal where Gaxos.ai received 2,200,000 shares of Game Foundry AI common stock. This divestment is part of Gaxos.ai's strategy to streamline operations and focus on its revenue-generating AI business lines and higher-margin opportunities. Additionally, Gaxos.ai acquired 250,000 shares of Game Foundry AI for $200,000.
Key Highlights
- Gaxos.ai sold substantially all its gaming assets to Game Foundry AI.
- Received 2,200,000 shares of Game Foundry AI common stock as consideration.
- Transaction valued at an estimated $1,760,000.
- Gaxos.ai also acquired 250,000 shares of Game Foundry AI for $200,000.
- Estimated gain from the sale of gaming assets is $1,737,931.
- Pro forma net loss attributable to shareholders improved from $(3.90M) to $(2.16M).
- Pro forma basic and diluted EPS improved from $(0.55) to $(0.30).
Price Impact
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