Ainewsbreaks Gaxos.Ai Inc. (NASDAQ: GXAI) Closes $3.6 Million Warrant Exercise

(MENAFN- Investor Brand Network) Gaxos (NASDAQ: GXAI), a company developing artificial intelligence applications across various high-growth sectors, announced the closing of its previously announced exercise of outstanding warrants to purchase up to 3,007,654 shares of common stock at a reduced exercise price of $1.20 per share. The transaction generated approximately $3.6 million in gross proceeds before placement agent fees and other offering expenses, with H.C. Wainwright & Co. acting as exclusive placement agent. In consideration for the cash exercise, Gaxos issued new unregistered warrants to purchase up to 6,015,308 shares at an exercise price of $0.95 per share. The company intends to use the net proceeds for working capital and general corporate purposes.

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About Gaxos Inc.

Gaxos is a technology company focused on reshaping the way people interact with artificial intelligence across everyday life and high-impact industries. More than a developer of applications, Gaxos is building a portfolio of AI-powered solutions designed to make advanced technology more practical, accessible, and transformative. The company's growing portfolio spans defense, health and wellness, entertainment, and productivity-bringing intelligent tools to markets where innovation can drive meaningful real-world outcomes.

NOTE TO INVESTORS: The latest news and updates relating to GXAI are available in the company's newsroom at

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