of the Exchange Act. ☐
Item 1.01. Entry into a Material Definitive Agreement.
On September 11, 2026, Axe Compute Inc., a Delaware corporation (the “Company”), entered into a Stock Purchase Agreement (the “Agreement”) with DataMeds AI, Inc. (NASDAQ: MEDS), a Delaware corporation (“DataMeds”), pursuant to which the Company agreed to sell, and DataMeds agreed to purchase, all of the issued and outstanding shares of common stock of Helomics Corporation, a Delaware corporation and wholly owned subsidiary of the Company (“Helomics”), for aggregate consideration consisting of (i) 636,328 shares of DataMeds common stock (the “Consideration Shares”), representing 19.99% of the shares of DataMeds common stock outstanding immediately prior to the closing, and (ii) a convertible promissory note in the principal amount of $1,363,672 with a conversion price of $1.00 per share (the “Convertible Note” and, together with the Consideration Shares, the “Purchase Price”).
The sale of Helomics completes the Company’s strategic transition to a pure-play neocloud GPU-as-a-Service company. Helomics was the final operating business remaining from the Company’s former identity as Predictive Oncology Inc., prior to its name change in December 2025.
The Consideration Shares and the Convertible Note are being issued in reliance on exemptions from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”), and constitute “restricted securities” under the Securities Act. The Consideration Shares and any shares of DataMeds common stock issuable upon conversion of the Convertible Note are subject to a 12-month lock-up period from the closing date, during which the Company may not transfer such securities except to affiliates or with DataMeds’ prior written consent.
The Agreement contains customary representations and warranties of the parties, covenants, indemnification provisions and other terms and conditions. Following the closing, the Company is subject to a covenant not to compete with the business of Helomics. The Agreement also provides the Company with certain registration rights with respect to the Consideration Shares and the shares of DataMeds common stock issuable upon conversion of the Convertible Note.
In connection with the transaction, the Company agreed to pay to DataMeds, at the closing, the remaining base rent obligations under two leases for the premises occupied by Helomics in Pittsburgh, Pennsylvania (collectively, the “Company Leases”), through the expiration of the current terms of the Company Leases. The Company’s obligation is limited solely to the payment of base rent and does not extend to any other amounts or obligations of the tenant under the Company Leases, including operating expenses, taxes, insurance, utilities or other charges, all of which are the sole responsibility of DataMeds and Helomics from and after the closing.
The closing of the transaction occurred simultaneously with the execution and delivery of the Agreement on September 11, 2026.
The foregoing description of the Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Agreement, a copy of which is filed as Exhibit 2.1 to this Current Report on Form 8-K and is incorporated herein by reference.
On September 15, 2026, the Company issued a press release announcing the completion of the sale of Helomics to DataMeds. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.