SBLX: DEF 14A · proxy statement
Fabric.AI is seeking stockholder approval for a $21.5 million private placement of Series K Preferred Stock and warrants, which is highly dilutive as the underlying shares represent more than 20% of the company's outstanding common stock. The financing is necessary to fund a joint development agreement with Kopin Corporation and for general corporate purposes, highlighting the company's cash constraints with only ~$5 million in cash on hand at year-end 2025. The Series K Preferred Stock carries a 7% dividend rate that accelerates to 15% upon triggering events, and includes a conversion price of $2.51 per share, which is significantly discounted relative to recent market prices. This deep discount and the associated dilution signal severe financial distress and potential risks to the company's Nasdaq listing compliance. The proxy statement also discloses a net loss of $21.1 million for fiscal year 2025 and proposes an amendment to increase the equity incentive plan by 4.6 million shares. The board recommends approval of these measures, along with the election of directors and ratification of the auditor, at the annual meeting scheduled for June 18, 2026.
SBLX: 10-Q · periodic report
Fabric.AI, Inc. (formerly StableX Technologies, Inc.) reported a net loss of $2.4 million for the first quarter of 2026, reflecting its transition from a cash-burning EV and digital-asset business to a pre-revenue AI semiconductor developer. The company changed its name and ticker from SBLX to FABC in April 2026 to align with its new strategic focus on MicroLED-based optical interconnects for AI data centers. In a significant subsequent event, Fabric.AI raised $21.5 million through a Series K private placement of convertible preferred stock, bringing its estimated cash position to approximately $30 million. This capital raise alleviated the substantial doubt about its ability to continue as a going concern that existed at the end of the quarter. The company entered into a Joint Development Agreement with Kopin Corporation (KOPN) to develop the Neural I/o chip, committing up to $15 million in development funds and granting Kopin a 19.9% equity stake in the company. Fabric.AI currently has zero full-time employees and relies on consultants, including James Altucher, while it builds its semiconductor operations.
Fabric.AI Announces Ticker Symbol Change to “FABC” as It Advances AI Infrastructure Strategy and MicroLED Interconnect Development
Fabric.AI (formerly StableX Technologies) announced its common stock will begin trading under the new ticker symbol 'FABC' on the Nasdaq Capital Market, effective April 29, 2026. The ticker change reflects a completed strategic pivot away from digital assets toward AI infrastructure, including a partnership with Kopin Corporation (KOPN) to develop MicroLED-based optical interconnects. These interconnects aim to increase data transfer speed and energy efficiency in AI data centers, positioning the company to pursue a market opportunity estimated at well over $100 billion.
Fabric.AI (Nasdaq: SBLX) Launches Breakthrough MicroLED Interconnect Technology as First Step in Building Next-Generation “AI Factory” Infrastructure. Partners with Leading MicroLED Developer Kopin Corporation (Nasdaq: KOPN)
Kopin Corporation partnered with Fabric.AI to develop MicroLED-based optical interconnects for AI data centers, securing a 19.9% equity stake in the newly launched entity. The collaboration utilizes Kopin’s proprietary MicroLED and NeuralDisplay architecture to create the Neural I/o chip, targeting the estimated $138 billion interconnect market. Fabric.AI, formerly StableX Technologies, concurrently raised $21.5 million in a private placement and will begin trading under the new ticker symbol "FABC" on April 29, 2026.
StableX Technologies (NASDAQ:SBLX) versus Elauwit Connection (NASDAQ:ELWT) Critical Comparison
