secwatch.observer — SEC 8-K summary
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Issuer:     GAXOS.AI INC. (GXAI)
CIK:        0001895618
Form:       8-K
Filed at:   2026-06-25T20:15:16+00:00
Accession:  0001213900-26-072056
Event type: other_material
Sentiment:  positive
Materiality: 0.65
Item codes: 2.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1895618/000121390026072056/0001213900-26-072056-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1895618/000121390026072056/ea0295894-8k_gaxos.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-072056

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer