GAXOS.AI INC.

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.

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.

Gaxos.ai Inc. announced that Amazon Web Services (AWS) has committed additional funding to accelerate the development of Gaxos Labs' AI-powered sales coaching platform. This support strengthens Gaxos.ai's entry into the sales technology market and advances its strategy for enterprise-grade AI applications. The initiative, in collaboration with Caylent, an AWS Premier Tier Services Partner, will develop a real-time AI sales coaching platform featuring live call transcription, automated coaching intelligence, and post-call analytics.

GAXOS.AI Inc. filed an Amendment No. 1 to its Quarterly Report on Form 10-Q for the quarter ended March 31, 2026. The amendment was filed solely to correct an inadvertent error in the Section 302 Certifications regarding the number of common shares outstanding. The outstanding shares as of May 13, 2026, were revised from 7,123,453 to 10,219,934. No other changes were made to the original filing.

GAXOS.AI Inc. reported a significant increase in revenue for the three months ended March 31, 2026, reaching $1.81 million, up from $23,732 in the prior year. However, the company's net loss more than doubled to $2.47 million, compared to $1.23 million in the same period last year, primarily due to a substantial rise in operating expenses. The company also saw an increase in cash and total assets, partly driven by $5.32 million in proceeds from the sale of common stock units and a new $2.9 million investment in a cost method investee.

Gaxos.ai Inc. announced the expansion of its Gaxos Labs product ecosystem with the addition of AI Music Generation, AI Chat, and AI 3D Model Creation capabilities. This rollout has already led to increased user engagement, reinforcing the company's product strategy and addressing growing demand for creative AI tools. The new features aim to broaden Gaxos' reach across various high-growth generative AI market segments, positioning the company to capitalize on accelerating global AI adoption.