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