Axe Compute Inc.: acquires Duos Edge AI GPU cluster

What happened Axe Compute Inc reported that on Sep 30, 2026 it entered into an Equity Purchase Agreement and acquired 100% of the issued and outstanding membership interests in Duos Edge AI – GPUaaS, LLC, a Delaware limited liability company that was wholly owned by Duos Technologies Group, Inc. The SPV’s assets consist of 288 Supermicro B300 servers (2,304 GPUs) and associated networking equipment (the "cluster"). The acquisition closed on Sep 30, 2026.

Key details

• The Company repaid in full the SPV’s pre-existing debt of approximately $87,800,000 as part of the acquisition.
• The Company agreed to pay Duos a deferred purchase price of $715,000 per month for a period of 60 months.
• The deferred purchase price must be repaid within the earlier of 12 months following closing or the date the Company or any affiliate enters into a loan or other financing secured by the cluster.
• On Oct 5, 2026 the Company issued a press release announcing the acquisition (Regulation FD disclosure).

Why it may matter This filing reports Item 1.01 (entry into a material definitive agreement) regarding the Equity Purchase Agreement and acquisition of the SPV and Item 7.01 (Regulation FD disclosure) for the issuance of a press release. The filing does not show why the insider traded or why the company acted.