Business UpdateApr 28, 2026, 08:43 AM
SBLX Rebrands to Fabric.AI, Launches AI Chip, Partners Kopin, Raises $21.5M
AI Summary
StableX Technologies, Inc. announced its official launch as Fabric.AI, Inc., unveiling a breakthrough MicroLED-based optical interconnect technology, the Neural I/o™ chip, designed for AI computing. The company also announced a strategic partnership with Kopin Corporation, which will own 19.9% of Fabric.AI, to develop this technology. To fund its initiatives, Fabric.AI raised $21.5 million in a private placement, issuing Series K convertible preferred stock and accompanying warrants.
Key Highlights
- StableX Technologies, Inc. rebranded to Fabric.AI, Inc. and will trade under new ticker FABC from April 29, 2026.
- Launched Neural I/o™ chip, a MicroLED-based optical interconnect technology for AI computing.
- Partnered with Kopin Corporation (Nasdaq: KOPN) to develop MicroLED technology for AI infrastructure.
- Kopin Corporation will own 19.9% of Fabric.AI as part of the development deal.
- Raised $21.5 million in a private placement from existing investors.
- Issued 21,500 shares of Series K convertible preferred stock at $1,000 per share.
- Preferred stock has an initial conversion price of $2.51 per share, with accompanying warrants at $2.51 per share.