Gaxos.ai Inc. - Common Stock (GXAI)

Gaxos.ai (NASDAQ: GXAI) announced definitive agreements for the immediate exercise of outstanding warrants to purchase up to approximately 3.01 million shares of common stock at a reduced exercise price of $1.20 per share. The transaction is expected to generate approximately $3.6 million in gross proceeds before fees and expenses, with net proceeds intended for working capital and general corporate purposes. In consideration for the warrant exercise, Gaxos will issue new unregistered warrants to purchase up to approximately 6.02 million shares at an exercise price of $0.95 per share. The offering, for which H.C. Wainwright & Co. is serving as exclusive placement agent, is expected to close on or about Aug. 17, subject to customary closing conditions.

Roseland, NJ, Aug. 14, 2026 (GLOBE NEWSWIRE) -- --Gaxos.ai Inc. (“Gaxos” or the “Company”)(NASDAQ: GXAI), a company developing artificial intelligence applications across various high-growth sectors, today announced the entry into definitive agreements for the immediate exercise of certain outstanding warrants to purchase up to an aggregate of 3,007,654 shares originally issued in December 2024 and September 2024, having exercise prices ranging from $2.33 to $3.32 per share, at a reduced exercise price of $1.20 per share. The shares of common stock issuable upon exercise of the warrants are registered pursuant to an effective registration statements on Form S-1 (No. 333-292709) and Form S-3 (File No. 333-282739).

Aug. 13, 2026 — Kartoon Studios, Inc. (NYSE: TOON) has signed an agreement with Amazon Prime Video (NASDAQ: AMZN) to stream its animated series HUNDRED ACRE WOOD, based on A.A. Milne’s Winnie-the-Pooh, beginning February 18, 2027 . Amazon will support the launch with prominent “Hero Banners,” while its “Shop the Show” program will enable viewers to purchase products featuring HUNDRED ACRE WOOD characters while streaming the series.

Gaxos.ai (NASDAQ: GXAI) reported record second-quarter 2026 consolidated revenue of approximately $2.46 million, up 35.8% from $1.81 million in the first quarter and 1,337% from $0.17 million a year earlier. The company reported GAAP net income of $241,056, or $0.02 per basic and diluted share, primarily reflecting a gain from the sale of its gaming assets. Revenue generated per advertising dollar improved approximately 20% sequentially to $0.78 as revenue growth outpaced the approximately 13.5% increase in advertising and marketing expense. Gaxos ended the quarter with approximately $11.44 million in cash and short-term investments.

Revenue growth significantly outpaces advertising expense growth as revenue generated per advertising dollar improves

Gaxos.ai (NASDAQ: GXAI) announced that its board of directors has authorized a share repurchase program allowing the company to buy back up to $1 million of its common stock. The company said the authorization reflects the board’s belief that Gaxos’ current share price does not reflect its underlying value or the growth potential of its artificial intelligence businesses. Repurchases will be made from time to time based on available liquidity, cash flow, market conditions and regulatory considerations, with the program remaining discretionary and subject to suspension or termination at any time.

Roseland, NJ , Aug. 03, 2026 (GLOBE NEWSWIRE) -- Gaxos.ai Inc. ("Gaxos" or the "Company")(NASDAQ: GXAI), a company developing artificial intelligence applications across various high-growth sectors, today announced that its Board of Directors has authorized a new share repurchase program, under which the Company may repurchase, from time to time, up to an aggregate of $1,000,000 of the Company’s common stock.

Gaxos.ai (NASDAQ: GXAI) outlined its post-divestiture operating strategy following the sale of its gaming assets, saying it will focus on expanding its AI applications business through Gaxos Labs and the personalized health and wellness offerings of majority-owned subsidiary RNK Health. The company said the strategic realignment follows significant first-quarter 2026 revenue growth to approximately $1.81 million, driven primarily by RNK Health and subscriptions to Gaxos Labs applications.

Gaming divestiture strengthens operating strategy around commercial traction and customer acquisition efficiency.

Gaxos.ai (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.

Transaction streamlines operations and positions Gaxos to focus on revenue-generating, higher-margin opportunities

Gaxos.ai (NASDAQ: GXAI) announced that Amazon Web Services (“AWS”) has committed additional funding to support development of Gaxos Labs’ AI-powered sales coaching platform, strengthening the company’s expansion into the sales technology market and advancing its strategy to build enterprise-grade artificial intelligence applications designed for commercial scalability.

Roseland, NJ, June 02, 2026 (GLOBE NEWSWIRE) -- Gaxos.ai Inc. ("Gaxos" or the "Company"), a company developing artificial intelligence applications across various high-growth sectors, today announced that Amazon Web Services (“AWS”) has committed additional funding to accelerate Gaxos Labs’ AI-powered sales coaching platform.

Gaxos.ai (NASDAQ: GXAI) announced the expansion of its Gaxos Labs ecosystem with the addition of AI music generation, AI chat and AI 3D model creation capabilities, driving increased user engagement across its platform. The new features enhance the company’s suite of generative AI tools spanning image, video and text applications, as Gaxos advances its strategy to deliver scalable, creativity-focused solutions for consumer, creator and commercial markets while capitalizing on growing global demand for AI-driven content generation.

Latest rollout broadens Gaxos’ generative AI markets as expanded capabilities fuel user activity and platform momentum

Gaxos.ai (NASDAQ: GXAI) announced that its portfolio company, America First Defense (AFD), has begun deployment of the Anduril Lattice Platform to expand its counter-swarm UAV and anti-drone defense systems, marking a key milestone in advancing its autonomous defense infrastructure. The integration enhances AFD’s ability to identify, track, assess and respond to evolving unmanned aerial threats, supporting its focus on layered, AI-enabled counter-UAS solutions as demand grows for adaptive, software-defined defense technologies.

Roseland, NJ, March 24, 2026 (GLOBE NEWSWIRE) -- Gaxos.ai Inc. ("Gaxos" or the "Company"), a company developing artificial intelligence applications across various high-growth sectors, today announced that its portfolio company, America First Defense (“AFD”), began deployment the Anduril Lattice Platform, expanding Counter-Swarm UAV and Anti-Drone Defense Systems.

Gaxos.ai (NASDAQ: GXAI), a company developing artificial intelligence applications across high-growth sectors, announced that its portfolio company America First Defense has been accepted into Anduril’s Lattice Program, strengthening its position in the expanding counter-drone defense market and enhancing its role within an advanced defense ecosystem focused on next-generation mission capabilities, situational awareness and operational effectiveness, as the company continues advancing solutions to address evolving aerial threats across defense, homeland security and critical infrastructure environments.

This achievement underscores America First Defense’s accelerating traction in the defense industry and highlights its commitment to delivering cutting-edge counter-drone solutions.

Gaxos.ai (NASDAQ: GXAI) announced that Malcolm B. Frost, a retired Major General in the United States Army, has joined the Drone and Robotics Advisory Council of America First Defense (“AFD”). Frost brings decades of leadership experience in modern warfare, military communications, and advanced defense technologies and will advise AFD on the development of AI-driven autonomous systems, drone defense technologies, and next-generation robotic platforms. The advisory council is composed of military leaders, technologists, and national security experts who guide the company’s efforts to develop solutions addressing the rapidly expanding global market for counter-drone and autonomous defense systems.

U.S. Army Commanding General (Ret.) to Help Guide Next-Generation Counter-Drone Innovation, AI and Robotics

Gaxos.ai (NASDAQ: GXAI), a company developing artificial intelligence applications across high-growth sectors, today announced that America First Defense (“AFD”) has secured a license for the Detachable Drone Highjacker (“DDH”), a drone-mounted electronic warfare payload originally developed at the Naval Postgraduate School to counter hostile unmanned aircraft systems (“UAS”). The DDH is designed to attach to a friendly drone and neutralize enemy drones through targeted cyber operations rather than broad-spectrum jamming, enabling selective, precision defeat of hostile UAS and positioning AFD to further develop and commercialize a scalable airborne counter-UAS capability for defense, security and critical infrastructure protection applications.

Gaxos’ Stake in America First Defense Positions Company at Forefront of Counter-UAS Technology

Gaxos.ai (NASDAQ: GXAI) announced it has acquired a 19.99% stake in America First Defense, a U.S.-based defense technology company developing next-generation drone and robotics platforms across air and ground domains. America First Defense is focused on a detachable counter-drone system designed to neutralize hostile UAVs through precise protocol-level cyber attacks and a biomimetic soft robotics platform engineered for low-detection ground and subsurface operations, targeting demand from U.S. defense, homeland security, border security, maritime security, municipal safety and critical infrastructure operators. Gaxos said the investment expands its exposure to American-owned defense innovation and aligns with its strategy to build a diversified portfolio of AI-driven businesses and strategic investments across high-growth sectors.

Acquisition Provides Exposure to Emerging US Defense Technologies with Multi-Sector National Security Applications