AXE Compute Inc. has announced a significant restructuring of its board of directors following the resignation of three members. This change is part of the company's ongoing efforts to align its leadership with its evolving business strategy in the finance services sector.

On October 27, 2026, Charles L. Nuzum, Daniel E. Handley, and Gregory S. St. Clair, collectively known as the "Departing Directors," notified AXE Compute of their decision to resign from the Board and all associated committees. Notably, Nuzum served as the Chairman of the Board. The company stated that the resignations were not due to any disagreements regarding its operations or policies.

Following these resignations, AXE Compute's Board now consists of four directors, three of whom are independent under Nasdaq listing rules. The company has three vacancies on its Board, which it is actively working to fill. The Board expressed gratitude for the service of the Departing Directors and is focused on ensuring that its composition aligns with industry experience relevant to its core business.

In connection with their resignations, AXE Compute has entered into consulting agreements with the Departing Directors. These agreements allow the former directors to provide transitional support, particularly regarding legacy life sciences and pharmaceutical-related matters, following the company's divestiture of its Helomics subsidiary earlier this year. Compensation for these consulting roles includes cash payments and restricted shares of common stock.

On November 1, 2026, the Board appointed Christopher Miglino, the company's Chief Executive Officer, as the new Chair of the Board, succeeding Nuzum. Miglino will not receive additional compensation for this role.

The Board is currently evaluating candidates to fill the vacancies left by the Departing Directors. This restructuring comes at a time when AXE Compute is focusing on its strategic transition within the finance services industry.

AXE Compute Inc. is a Delaware-based company listed on the Nasdaq under the ticker AGPU. The company operates in the finance services sector, which encompasses a broad range of financial activities, including investment management and advisory services.

The recent changes in AXE Compute's leadership are particularly relevant as the company continues to navigate a competitive landscape within the finance services industry. The ongoing evaluation of board candidates signals a commitment to enhancing governance and oversight as the company moves forward.

Details regarding the specific candidates being considered for the board vacancies have not been disclosed, and further updates are expected in future filings.