Investornewsbreaks Gaxos.Ai Inc. (NASDAQ: GXAI) Announces $5 Million Direct Offering And Private Placement Of Warrants

12/19/2024 2:05:49 PM

(MENAFN- Investor Brand Network) Gaxos (NASDAQ: GXAI) has entered into agreements for a $5 million registered direct offering of 1,449,277 shares of its common stock at $3.45 per share, alongside a private placement of unregistered warrants to purchase an equal number of shares at $3.32 per share. The warrants, exercisable immediately and expiring in three years, were issued under Section 4(a)(2) of the Securities Act. H.C. Wainwright & Co. acted as the exclusive placement agent. Proceeds will support working capital and corporate purposes, with the stock offering registered under an effective Form S-3 filed with the SEC. The transaction is expected to close by December 20, 2024, pending customary conditions.

To view the full press release, visit

About Gaxos Inc.

Gaxos 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 is committed to addressing health, longevity, and entertainment, through AI solutions. For more information about the company, visit
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The latest news and updates relating to GXAI are available in the company's newsroom at

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