Gaxos.ai Inc. (GXAI) News & EventsGXAIGaxos.ai Inc.

Gaxos.AI Authorizes $1M Share Repurchase Program

Gaxos.AI 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 $1M of the company's common stock.

Gaxos.ai Partners with AFD to Secure License for Detachable Drone Highjacker

Gaxos.ai announced that America First Defense, AFD, secured a license for the Detachable Drone Highjacker, DDH, a drone-mounted electronic warfare payload originally developed at the Naval Postgraduate school to counter and defeat hostile Unmanned Aircraft Systems, UAS. "This platform represents a differentiated approach to defeating hostile drones through precision electronic warfare," said Vadim Mats, CEO of Gaxos. "Our stake in AFD positions us at the forefront of counter-UAS technology."

Gaxos.ai Acquires 19.99% Stake in America First Defense

Gaxos.ai announced that it acquired a 19.99% stake in America First Defense. "We believe this transaction places Gaxos at the intersection of AI, defense innovation, and a rapidly accelerating national security priority," said Vadim Mats, Chief Executive Officer of Gaxos. "America First Defense is developing differentiated technologies for a market that is demanding faster, more precise, and more scalable solutions. By securing this ownership position, we are expanding our footprint into a category that we believe provides significant strategic relevance and long-term commercial potential, while continuing to execute on opportunities that we believe can enhance shareholder value."