Gaxos Announces $1,000,000 Share Repurchase Plan

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 $1,000,000 of the Company’s common stock.

“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.