Gaxos.ai sells gaming assets to Game Foundry AI for $1.76M in stock; pivots to AI focus

GAXOS.AI INC.

Sold substantially all gaming assets (mobile games, Gaxos Gaming Lab) for 2.2M shares valued at $1.76M.
Transaction closed June 18, 2026; Gaxos also bought 250K shares of Game Foundry for $200K.
Pro forma reduction in net loss from $3.9M to $2.16M for FY2025 due to $1.737M gain on sale.
CEO states focus on revenue-generating AI businesses; divestiture eliminates non-core assets.

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