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].
Gaxos.ai Inc. Announces Closing of $5 Million Registered Direct Offering Priced At-the-Market Under Nasdaq Rules