Gaxos.ai Inc. (NASDAQ: GXAI), a developer of artificial intelligence applications across multiple industries, announced the completion of the sale of its gaming assets to privately held Game Foundry AI. The transaction, valued at approximately $1.76 million, was an all-stock deal that included the company's portfolio of mobile games and Gaxos Gaming Labs.
The divestiture is part of Gaxos.ai's strategy to focus its resources on revenue-generating AI businesses and higher-margin commercial opportunities. By eliminating non-core assets, the company aims to streamline operations and allow management to concentrate on business segments with stronger monetization potential. In a related move, Gaxos acquired 250,000 shares of Game Foundry AI common stock for $200,000, maintaining an investment interest in the gaming-focused company while advancing its broader AI-focused growth strategy.
Gaxos.ai is a technology company focused on reshaping how people interact with artificial intelligence across everyday life and high-impact industries. Its portfolio spans defense, health and wellness, entertainment, and productivity, bringing intelligent tools to markets where innovation can drive meaningful real-world outcomes. The sale of gaming assets marks a strategic pivot toward these higher-growth areas.
For more details on the transaction, visit the full press release at https://nnw.fm/uZ12D. Investors can find the latest news and updates relating to GXAI in the company’s newsroom at https://nnw.fm/GXAI.
