StableX Technologies, Inc.

Fabric.AI, Inc. held its 2026 Annual Meeting of stockholders where several key proposals were approved. Stockholders voted to amend the Long-Term Incentive Plan, increasing the aggregate number of shares available for awards by 4,600,000 to a total of 5,000,000 shares. Additionally, the issuance of common stock underlying Series K and Series J convertible preferred stock and various warrants was approved, which could exceed 20% of the outstanding common stock to comply with Nasdaq listing rules. Five directors were also elected to the board.

Fabric.AI, Inc. has filed a definitive proxy statement (DEF 14A) for its 2026 Annual Meeting of Stockholders, scheduled to be held virtually on June 18, 2026. The meeting agenda includes the election of directors, approval of a significant stock issuance to comply with Nasdaq rules, ratification of the independent auditor, and amendments to the company's Long-Term Incentive Plan. Additionally, stockholders will vote on advisory proposals regarding executive compensation and the frequency of future advisory votes. The company encourages all eligible stockholders to vote their shares.

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.

Fabric.AI announced the appointment of Bill Maffucci as Head of Development for its jointly developed Neural I/o™ chip program with Kopin. This MicroLED-based optical interconnect is considered a cornerstone technology for next-generation AI factory infrastructure, designed to enable ultra-high-bandwidth communication between advanced AI systems. The company believes MicroLED optical interconnects represent a significant market shift, with the data center optical interconnect market projected to reach tens of billions of dollars annually, and has already signed NDAs with two major chipmakers.

StableX Technologies, Inc. has rebranded to Fabric.AI, Inc., with its common stock now trading under the new Nasdaq ticker symbol "FABC" as of April 29, 2026. This marks a strategic pivot from digital assets to developing foundational infrastructure for AI systems. Fabric.AI announced a partnership with Kopin Corporation to develop MicroLED-based optical interconnects, a new product initiative targeting a market opportunity over $100 billion to improve AI data center performance.

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.