Gaxos.ai (NASDAQ: GXAI) announced that its board of directors has authorized a share repurchase program allowing the company to buy back up to $1 million of its common stock. The company said the authorization reflects the board’s belief that Gaxos’ current share price does not reflect its underlying value or the growth potential of its artificial intelligence businesses. Repurchases will be made from time to time based on available liquidity, cash flow, market conditions and regulatory considerations, with the program remaining discretionary and subject to suspension or termination at any time.
To view the full press release, visit https://ibn.fm/D17PB
About Gaxos.ai Inc.
Gaxos.AI is a technology company focused on reshaping the way people interact with artificial intelligence across everyday life and high-impact industries. More than a developer of applications, Gaxos.AI is building a portfolio of AI-powered solutions designed to make advanced technology more practical, accessible, and transformative. The company’s growing portfolio spans defense, health and wellness, entertainment, and productivity—bringing intelligent tools to markets where innovation can drive meaningful real-world outcomes.
NOTE TO INVESTORS: The latest news and updates relating to GXAI are available in the company’s newsroom at https://ibn.fm/GXAI
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