Why Did GMEX Robotics Stock Jump Over 42% After Hours?

GMEX Robotics Corporation (NASDAQ: GMEX) saw its stock price surge by 42.21% to $1.28 in after-hours trading, following a regular-session dip of 4.17% that closed at $0.90. The increase was driven by the announcement of a AU$4.2 million (US $2.9 million) purchase agreement for 50 AI-powered kitchen robots with an Australian food and beverage group, marking GMEX's first commercial deal since launching its cooking robotics platform. The company has a market capitalization of $1.64 million and has experienced a 99.05% decline over the past year.