Gaxos.ai (NASDAQ: GXAI) has entered into definitive agreements for a $4 million registered direct offering and concurrent private placement, selling 1,346,669 shares of common stock at $3.00 per share and issuing unregistered warrants for the same number of shares. The warrants, exercisable at $3.00 per share, expire in three years. H.C. Wainwright & Co. is serving as the exclusive placement agent, with the offering set to close around December 30, 2024, pending customary conditions. Net proceeds will fund working capital and general corporate purposes. The offering is conducted under a shelf registration, while the warrants are issued under private placement regulations.
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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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