Core Viewpoint - Gaxos.ai Inc. has successfully closed a registered direct offering, raising approximately $4 million in gross proceeds, which will be utilized for working capital and general corporate purposes [1][7]. Group 1: Offering Details - The company issued a total of 1,346,669 shares of common stock at a price of $3.00 per share in the offering [2]. - In addition to the common stock, unregistered warrants to purchase an equal number of shares were issued in a concurrent private placement, with an exercise price of $3.00 per share [2][9]. - The offering was conducted under a shelf registration statement filed with the SEC, which became effective on December 18, 2024 [2]. Group 2: Company Objectives - Gaxos.ai aims to redefine the human-AI relationship by expanding its applications into health, wellness, and gaming sectors [4]. - The company is committed to addressing issues related to health, longevity, and entertainment through its AI solutions [4]. Group 3: Financial Information - The total gross proceeds raised by Gaxos.ai in December 2024 amounted to approximately $9 million [7]. - H.C. Wainwright & Co. served as the exclusive placement agent for the offering [8].

Group 1 - Gaxos.ai Inc. has announced a registered direct offering of 1,346,669 shares of common stock at a price of $3.00 per share, with expected gross proceeds of approximately $4 million before fees and expenses [2][1] - The company plans to use the net proceeds from the offering for working capital and other general corporate purposes [1] - In addition to the common stock offering, Gaxos.ai will issue unregistered warrants to purchase an equal number of shares, with an exercise price of $3.00 per share, exercisable upon issuance and expiring three years later [2][5] Group 2 - H.C. Wainwright & Co. is acting as the exclusive placement agent for the offering [3] - The shares are being offered under a shelf registration statement filed with the SEC, which became effective on December 18, 2024 [4] - The warrants and underlying shares have not been registered under the Securities Act and may not be sold in the U.S. without an effective registration statement or applicable exemption [5] Group 3 - Gaxos.ai is focused on developing artificial intelligence applications across various sectors, including health, wellness, and gaming, aiming to redefine the human-AI relationship [7]

Core Insights - Gaxos.ai Inc. has successfully integrated Meshy 4 into its AI solutions for game developers and publishers, enhancing the creation of 3D assets [5][7]. Group 1: Product Features - The Meshy 4 update allows users to fine-tune mesh topology, limit polycounts, and produce higher-quality 3D models more efficiently [1]. - Users can select between quad- or triangle-based mesh structures to improve edge flow, enhance textures, and streamline shading and animation [2]. - The new polycount limitation feature ensures that projects remain efficient and ready for real-time deployment [2]. Group 2: Workflow Improvements - The integration of Meshy 4 accelerates workflows, enabling faster movement from concept to completion without compromising detail or performance [2]. - Improved geometry quality results in cleaner, more polished models, reducing the need for time-consuming revisions [2]. Group 3: Company Overview - Gaxos.ai is focused on developing AI applications across various sectors, including health, wellness, and gaming [3]. - The company aims to redefine the human-AI relationship through its innovative solutions [3].

Core Viewpoint - Gaxos.ai Inc. has successfully closed a registered direct offering and a concurrent private placement, raising approximately $5 million to support its operations and expansion into health, wellness, and gaming sectors [1][2][4]. Group 1: Offering Details - The company issued a total of 1,449,277 shares of common stock at a price of $3.45 per share [1]. - Concurrently, unregistered warrants to purchase up to 1,449,277 shares at an exercise price of $3.32 per share were issued, which are exercisable upon issuance and expire three years later [1][2]. - H.C. Wainwright & Co. served as the exclusive placement agent for the offering [2]. Group 2: Financial Proceeds and Use - The gross proceeds from the offering were approximately $5 million before deducting fees and expenses [2]. - The net proceeds will be utilized for working capital and other general corporate purposes [2]. Group 3: Company Vision and Expansion - Gaxos.ai aims to redefine the human-AI relationship by expanding its offerings to include health, longevity, and entertainment through AI solutions [4].

Core Viewpoint - Gaxos.ai Inc. has announced a registered direct offering of 1,449,277 shares of common stock at a price of $3.45 per share, along with a concurrent private placement of unregistered warrants to purchase the same number of shares at an exercise price of $3.32 per share [1][2]. Group 1: Offering Details - The total gross proceeds from the offering are expected to be approximately $5 million before deducting fees and expenses [2]. - The closing of the offering is anticipated to occur on or about December 20, 2024, subject to customary closing conditions [1]. - The shares are being offered under a shelf registration statement that became effective on December 18, 2024 [3]. Group 2: Use of Proceeds - The company intends to use the net proceeds from the offering for working capital and other general corporate purposes [2]. Group 3: Warrants Information - The warrants will be exercisable upon issuance and will expire three years after the date of issuance [1]. - The warrants and the underlying shares of common stock have not been registered under the Securities Act and may not be offered or sold in the U.S. without an effective registration statement or applicable exemption [4]. Group 4: Company Overview - Gaxos.ai is focused on developing artificial intelligence applications across various sectors, including health, wellness, and gaming, aiming to redefine the human-AI relationship [6].

Core Insights - Gaxos.ai Inc. has successfully integrated Recraft AI into its Gaxos Labs platform, enhancing its artificial intelligence solutions for game developers and publishers [1][2] - The integration aims to simplify the labor-intensive game development process, aligning with Gaxos's goal of providing an all-in-one AI solution for the gaming industry [2] - Recraft AI specializes in premium image generation and editing, offering a variety of styles and features that support designers in creating high-quality visuals [3][4] Company Overview - Gaxos.ai Inc. is focused on redefining the human-AI relationship, with applications spanning health, wellness, and gaming sectors [5] - Founded in 2022 and headquartered in London, Recraft AI has gained trust from over 2 million users across 200 countries, including notable companies like Netflix and Airbus [4]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission File Number: 001-41620 GAXOS.AI INC. (Exact name of registrant as specified in its charter) | --- | --- | |--------------------- ...

Roseland, NJ, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Gaxos.ai Inc. ("Gaxos" or the "Company"), a company developing artificial intelligence applications across various sectors, announced today that the Company’s Board of Directors approved the purchase of up to $1 million in Bitcoin.  “As demand for Bitcoin grows and so does its acceptance as a major and primary asset class, we believe that Bitcoin will serve as a strong treasury reserve asset,” said Vadim Mats, CEO of Gaxos. “With recent approval of Bitcoin ETF ...

A Media Snippet accompanying this announcement is available by clicking on this link. ROSELAND, N.J., Sept. 26, 2024 (GLOBE NEWSWIRE) -- Gaxos.ai Inc. ("Gaxos" or the "Company"), a company developing artificial intelligence applications across various sectors, today revealed the official launch of Gaxos Labs, its cutting-edge artificial intelligence solution for game developers and publishers. Gaxos Labs empowers game developers to accelerate the development process, enhance creativity and increase revenue ...

Roseland, NJ, Sept. 20, 2024 (GLOBE NEWSWIRE) -- Gaxos.ai Inc. (NASDAQ: GXAI), ("Gaxos" or the "Company"), a company developing artificial intelligence applications across various sectors, today announced that it has entered into a definitive agreement for the exercise of certain existing warrants to purchase an aggregate of 1,256,734 shares of its common stock originally issued in March 2024 and having an original exercise price of $5.50 per share, at a reduced exercise price of $2.58 per share. The issuan ...