Gaxos.ai Sells Its Gaming Assets To Game Foundry AI In All-Stock Deal At ~$1.76M

Gaxos.ai Inc.

Gaxos.ai Inc.

GXAI

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Gaxos.ai Inc. ("Gaxos" or the "Company"), a company developing artificial intelligence applications across various high-growth sectors, today announced that it had completed the sale of its gaming assets, including its portfolio of mobile games and Gaxos Gaming Labs, a generative AI service that empowers game developers and publishers, to Game Foundry AI, a privately-held company. The transaction was structured as an all-stock deal valued at approximately $1.76 million.

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