Gaxos.ai Inc. (NASDAQ: GXAI), a developer of artificial intelligence applications across multiple industries, announced the completion of the sale of its gaming assets, including its portfolio of mobile games and Gaxos Gaming Labs, to privately held Game Foundry AI. The all-stock transaction was valued at approximately $1.76 million and is intended to support Gaxos’ strategy of focusing resources on its revenue-generating AI businesses and higher-margin commercial opportunities.
The divestiture streamlines Gaxos’ operations by eliminating non-core assets and allows management to concentrate on business segments with stronger monetization potential. In a related transaction, the company 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 the way people interact with artificial intelligence across everyday life and high-impact industries. The company is building a portfolio of AI-powered solutions designed to make advanced technology more practical, accessible, and transformative. Its growing portfolio spans defense, health and wellness, entertainment, and productivity—bringing intelligent tools to markets where innovation can drive meaningful real-world outcomes.
For more details, visit the full press release at https://nnw.fm/uZ12D. The latest news and updates relating to GXAI are available in the company’s newsroom at https://nnw.fm/GXAI.
