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]
Gaxos.ai Inc. Announces $4 Million Registered Direct Offering Priced At-the-Market Under Nasdaq Rules