Gaxos Announces $1,000,000 Share Repurchase Plan
Gaxos (NASDAQ: GXAI) announced that its Board of Directors has authorized a new share repurchase program allowing the company to buy back up to $1,000,000 of its common stock from time to time.
Rhea-AI Summary
Gaxos (NASDAQ: GXAI) announced that its Board of Directors has authorized a new share repurchase program allowing the company to buy back up to $1,000,000 of its common stock from time to time. CEO Vadim Mats said the decision reflects the board’s view that the current stock price does not reflect Gaxos’ underlying value and that market conditions support a measured buyback to enhance shareholder value.
The company noted that the timing, number of shares, and prices will depend on liquidity, cash flows, market conditions, and regulatory and corporate limits. The program does not obligate Gaxos to repurchase any specific amount and can be suspended or discontinued at the company’s discretion.
Positive
- $1,000,000 share repurchase authorization provides potential capital return to shareholders
- Board and CEO signal confidence in valuation through authorized buyback program
Negative
- Repurchase program size limited to $1,000,000, with no minimum purchase commitment
- Buyback may be suspended or discontinued at any time at company discretion
News Explained
The board-authorized buyback remains a discretionary ceiling of
Details
Market reaction after share repurchase program: GXAI +8.87% in the Aug 3 session
In the Aug 3 session, GXAI gained 8.87%, reflecting a notable positive market reaction. Argus tracked a peak move of +7.4% during that session. Argus tracked a trough of -9.5% from its starting point during tracking. Our momentum scanner triggered 19 alerts that day, indicating notable trading interest and price volatility. Trading volume was very high at 4.7x the daily average, suggesting strong buying interest.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
- Repurchase authorization
- $1,000,000
- Aggregate maximum under the new share repurchase program
Historical Context
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Focused operations after gaming-asset sale and reported substantial Q1 revenue growth
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Completed gaming-asset divestiture and acquired an equity position in buyer
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Received additional AWS funding for AI sales-platform development
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Added AI music, chat, and 3D creation features to product ecosystem
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Portfolio company began deploying Anduril Lattice for counter-UAS defense
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
liquidity financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
Roseland, NJ , Aug. 03, 2026 (GLOBE NEWSWIRE) -- Gaxos.ai Inc. ("Gaxos" or the "Company")(NASDAQ: GXAI), a company developing artificial intelligence applications across various high-growth sectors, today 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
“The board’s decision to authorize a share buyback program directly reflects its belief that the Company’s current stock price does not indicate Gaxos’ true value. We sincerely believe that our lines of business have real potential for meaningful scale. The current capital market conditions allow us to capture additional value for all shareholders through this measured buyback program. Our Board of Directors and executive management team are committed to delivering value to our shareholders,” said Vadim Mats, CEO of Gaxos.
The timing, the number of shares repurchased, and prices paid for the stock under this program will depend on available liquidity, cash flows and market conditions as well as corporate and regulatory limitations. The repurchase program does not obligate the Company to acquire any particular amount of shares, and the repurchase program may be suspended or discontinued at any time at the Company's discretion.
About Gaxos.ai Inc.
Gaxos.ai Inc. (Nasdaq: GXAI) develops artificial intelligence applications designed to address opportunities across consumer and enterprise markets. The Company’s operations include Gaxos Labs, which develops and commercializes AI-powered applications, and RNK Health, a majority-owned subsidiary offering personalized weight loss, longevity, and performance treatments. Gaxos also holds a strategic minority investment in America First Defense.AI, a defense-technology company developing next-generation counter-UAS and robotic platforms.
For more information, visit Gaxos.AI. You can also follow Gaxos.ai on LinkedIn for the latest updates and news.
Forward-Looking Statements
Certain statements contained in this press release are “forward-looking statements” within the meaning of the federal securities laws. Forward-looking statements are made based on our expectations and beliefs concerning future events impacting the Company and therefore involve several risks and uncertainties. You can identify these statements by the fact that they use words such as “will”, “anticipate”, “estimate”, “expect”, “should”, “may”, and other words and terms of similar meaning or use of future dates; however, the absence of these words or similar expressions does not mean that a statement is not forward-looking. Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors disclosed in our filings with the SEC, accessible through the SEC’s website (http://www.sec.gov), including our most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K filed or furnished with the SEC. In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors, including (without limitation) general industry and market conditions and growth rates, economic conditions, and governmental and public policy changes. The forward-looking statements included in this press release represent the Company's views as of the date of this press release and these views could change. The Company disclaims any obligation to update forward-looking statements. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of the press release. The contents of any website referenced in this press release are not incorporated by reference herein.
Gaxos.ai Inc. Company Contact
Investor Relations
E:ir@gaxos.ai
T: 1-888-319-2499
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