Key Highlights

  • Pre-market price of USD 1.05 on November 4, 2026, up USD 0.1188 from the Tuesday close
  • The Tuesday November 3 close was USD 0.9312, down 6.88% on the day
  • A 2-for-5 reverse split took effect on October 22, 2026, cutting Class A shares from 15,190,742 to about 6,076,297
  • Fiscal 2026 Revenue was USD 2.29 million versus USD 3.27 million a year earlier
  • Net loss for the period was USD 10.31 million

What Moved Axonex AI Group Before the Open (up USD 0.1188, 12.76%)

Axonex AI Group (NASDAQ:AXNX) was up 12.76% to USD 1.05 in pre-market trading on November 4, 2026, a gain of USD 0.1188 from the Tuesday November 3 close of USD 0.9312. On Tuesday the stock had fallen 6.88%, so the pre-market move partly reverses that decline.

No company announcement dated November 2 to November 4, 2026 was identified, so no catalyst can be confirmed. The shares sit close to the USD 1.00 level that Nasdaq uses for its minimum bid price rule, and a sub-USD 1 close followed by a rebound is a pattern common among small-cap AI and robotics names that attract short-term momentum trading.

Recent Corporate Updates

Axonex AI Group is a Hong Kong-based company formerly known as Mint Incorporation (NASDAQ:MIMI). In a press release dated October 9, 2026, it said the name change took effect on September 28, 2026 and that its Class A shares would trade as AXNX from October 13, 2026. The company describes AI and robotics as its main growth driver, alongside an established interior design and fit-out business.

Its products include the FLOKI Minibot M1 companion robot, the NEX semi-humanoid service robot and micro-insurance for commercial robots. Recent deals include an OEM Supply and license agreement with an Ireland-based partner dated October 7, 2026, a licensing collaboration for a co-branded minibot dated September 15, 2026, and a framework agreement to scale Manufacturing dated September 10, 2026. The company also announced a plan on September 3, 2026 to tokenize its listed Class A shares on public blockchains, and on October 15, 2026 it launched an education humanoid robot called TOMO.

The company said in a regulatory filing dated October 20, 2026 that the reverse split was intended to regain compliance with the USD 1.00 minimum bid price. Post-split shares began trading on October 22, 2026 under the existing symbol.

Financials and Risks

Reported figures show fiscal 2026 revenue of USD 2.29 million, down about 30% from USD 3.27 million a year earlier. Net loss was USD 10.31 million, and shares outstanding were about 6.36 million. The press release on the rebrand gave no revenue or Earnings numbers and said only that AI and robotics represent an increasing share of revenue.

In late August 2026 the company priced and closed a USD 2.5 million registered direct offering. Cash was not disclosed in the sources reviewed, and the company has an F-3 shelf registration on file, which could allow additional share sales.

At about USD 1 a share the stock is a penny stock. Penny stocks can show large percentage swings on low liquidity, and a reverse split does not change the underlying economics, while further share issuance can dilute existing holders. A small float of roughly 6 million shares can amplify intraday moves.

What to Watch Next

Investors will look for whether the stock holds above USD 1.00 on a closing basis, which matters for the Nasdaq bid price requirement. Further announcements on robot orders, manufacturing partners or revenue from the AI and robotics segment would give a clearer view of the strategy. Any new offering or filing would also be relevant, as would the next set of financial results.