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Gaxosai ( (GXAI) ) has issued an update.
On March 2, 2026, Gaxos.ai Inc. agreed to acquire 19.99% of America First Defense for $2.9 million under a membership interest purchase agreement structured as a private, unregistered securities transaction. The deal, announced publicly on March 3, 2026, includes customary transfer restrictions and tag-along rights, with closing expected by March 5, 2026, after which AFD must deliver the stake within five days.
By taking a minority position in a U.S.-based developer of counter-drone and soft-robotics defense systems, Gaxos gains exposure to emerging domestic defense technologies aimed at rapidly expanding national security markets. The transaction deepens Gaxos’s push to build a diversified portfolio of AI-driven businesses, expanding its presence at the intersection of artificial intelligence, defense innovation, and national security–oriented demand while signaling a bid to enhance long-term strategic relevance and shareholder value.
More about Gaxosai
Gaxos.ai Inc. is a technology company focused on building a portfolio of artificial-intelligence-powered solutions that make advanced technology more practical and accessible across everyday life and high-impact industries. Its growing portfolio spans defense, health and wellness, entertainment, and productivity, targeting markets where innovation can drive meaningful real-world outcomes.
America First Defense is an American-owned defense technology company developing next-generation security platforms across air and ground domains for defense, homeland security, border and maritime security, municipal safety, and critical infrastructure operators. Its core products include a detachable counter-drone system using protocol-level cyber attacks to neutralize hostile UAVs without collateral jamming, and biomimetic soft robotics designed for low-detection ground and subsurface operations.
Average Trading Volume: 7,431,130
Technical Sentiment Signal: Sell
Current Market Cap: $9.85M
See more insights into GXAI stock on TipRanks’ Stock Analysis page.