Financing ·
GMEX Robotics issues 12.46M shares to convert preferred stock at a 77% discount
FTELGMEX Robotics Corp
On November 2, 2026, GMEX Robotics entered into an inducement agreement allowing holders of Class C Preferred Shares to convert their holdings at a price equal to 23% of the prior day's closing market price. The transaction results in the issuance of 10,961,680 Class A ordinary shares and grants an additional 1,500 Class C Preferred Shares as consideration for accepting the discounted conversion terms. This action effectively accelerates the equity conversion originally structured in a July acquisition of Alpha Meta AI interests. GMEX Robotics Corporation develops and manufactures autonomous mobile robots.