8-K
filed April 28, 2026, 7:59 PM ET
ticker FABC
CIK 0001086745
other material
confidence high
sentiment neutral
materiality 0.75
Fabric.AI (SBLX) enters $15M GPU connectivity development deal with Kopin and raises $21.5M
Fabric.AI, Inc.
- Joint Development Agreement with Kopin for GPU-to-GPU connectivity; Fabric.AI to pay up to $15M for prototype development plus potential $15-25M for production plan.
- Kopin receives Series J Preferred Stock convertible into 19.9% of pro forma fully-diluted common stock at $2.51/share with 6% annual dividend.
- Private placement of $21.5M: 21,500 shares of Series K Preferred Stock (convertible at $2.51) and warrants for 8.565M shares at $2.51.
- Company must obtain stockholder approval by June 26, 2026 (private placement) and July 26, 2026 (Series J) for issuances exceeding 19.99% of common stock.
- Net proceeds from private placement to be used for general corporate purposes; closing expected April 29, 2026.
Key facts
Extracted from this filing and checked against the source text.
Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.9
Fabric.AI, Inc. issued preferred stock to Kopin Corporation for 19.9% of the pro forma fully-diluted outstanding shares of the Company’s common stock.
- Security
- preferred stock
- Purchaser
- Kopin Corporation
- Consideration
- 19.9% of the pro forma fully-diluted outstanding shares of the Company’s common stock
Exact text from the filing
In further consideration of Kopin’s contributions to the development of the Project Technology, the Company has agreed to issue to Kopin shares of the Company’s Series J Convertible Preferred Stock, par value $0.0001 per share (“Series J Preferred Stock”), constituting 19.9% of the pro forma fully-diluted outstanding shares of the Company’s common stock, par value $0.0001 per share (the “Common Stock”), excluding shares of common stock underlying unexercised options, warrants, and other common stock equivalents, subject to certain anti-dilution adjustments upon the sale or issuance of Common Stock or common stock equivalents, or the conversion or exercise of outstanding common stock equivalents as further described below.
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Fabric.AI, Inc.: Company filed a Certificate of Amendment to change its name from StableX Technologies, Inc. to Fabric.AI, Inc (effective 2026-04-28).
- Change
- charter amendment
- Effective
- 2026-04-28
Exact text from the filing
On April 27, 2026, the Company filed a Certificate of Amendment to the Company’s Charter (the “Certificate of Amendment”) to change the name of the Company from “StableX Technologies, Inc.” to “Fabric.AI, Inc.,” effective as of 12:01 Eastern Time on April 28, 2026 (the “Name Change”).
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Fabric.AI, Inc. entered into Joint Development and License Agreement with Kopin Corporation valued at up to $15,000,000 (effective 2026-04-27).
- Action
- entry
- Agreement
- collaboration
- Counterparty
- Kopin Corporation
- Value
- up to $15,000,000
- Effective
- 2026-04-27
Exact text from the filing
On April 27, 2026, Fabric.AI, Inc. (the “Company”), entered into a Joint Development and License Agreement (the “JDA”) with Kopin Corporation, a Delaware corporation (“Kopin”), pursuant to which the Company and Kopin agreed to collaborate on the development and commercialization of Kopin’s interface for GPU-to-GPU connectivity
View on SEC.gov
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