Gaxos.ai (NASDAQ: GXAI) has entered into agreements for a $5 million registered direct offering of 1,449,277 shares of its common stock at $3.45 per share, alongside a private placement of unregistered warrants to purchase an equal number of shares at $3.32 per share. The warrants, exercisable immediately and expiring in three years, were issued under Section 4(a)(2) of the Securities Act. H.C. Wainwright & Co. acted as the exclusive placement agent. Proceeds will support working capital and corporate purposes, with the stock offering registered under an effective Form S-3 filed with the SEC. The transaction is expected to close by December 20, 2024, pending customary conditions.
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About Gaxos.ai Inc.
Gaxos.ai isn’t just developing applications; it’s redefining the human-AI relationship. The company’s offerings span health and wellness as well as gaming. Gaxos.ai is committed to addressing health, longevity, and entertainment, through AI solutions. For more information about the company, visit www.gaxos.ai.
NOTE TO INVESTORS: The latest news and updates relating to GXAI are available in the company’s newsroom at https://ibn.fm/GXAI
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