Business UpdateMay 15, 2026, 04:43 PM
Fabric.AI Transforms to AI Semiconductor; Partners Kopin
AI Summary
Fabric.AI, Inc., formerly StableX Technologies, Inc., announced a significant strategic transformation to focus on AI semiconductor technologies, including MicroLED-based optical interconnects, and entered a Joint Development and License Agreement with Kopin Corporation. The company also disposed of its digital asset holdings and paused its electric vehicle business. While Fabric.AI reported a net loss of $2,414,475 for Q1 2026, subsequent financing transactions provided approximately $30 million in cash, alleviating prior going concern doubts.
Key Highlights
- StableX Technologies, Inc. rebranded to Fabric.AI, Inc. and changed its ticker from SBLX to FABC, effective April 28-29, 2026.
- The company initiated a strategic transformation to focus on AI semiconductor technologies, including MicroLED-based optical interconnects.
- Fabric.AI entered a Joint Development and License Agreement with Kopin Corporation to jointly develop and commercialize MicroLED-based optical interconnects.
- The company disposed of all its digital asset holdings subsequent to March 31, 2026.
- Fabric.AI paused active development and commercialization activities related to its electric vehicle business.
- The company reported a net loss of $2,414,475 for the three months ended March 31, 2026, compared to net income of $845,011 in Q1 2025.
- Net loss attributable to common stockholders was $3,522,624 for Q1 2026.
- Subsequent to March 31, 2026, the company completed financing transactions, securing approximately $30 million in cash and cash equivalents, alleviating going concern doubts.
Price Impact
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