NFT Gaming Company completes $7M IPO; CEO Mats gets salary $400K + options

GAXOS.AI INC.

Closed IPO of 1,686,747 shares at $4.15/share; gross proceeds ~$7M; common stock began trading Feb 15 on Nasdaq under symbol NFTG.
Underwriters granted 45-day option to purchase up to 253,012 additional shares at IPO price less discounts.
CEO Vadim Mats entered employment agreement: annual base salary $400,000, stock options for 200,000 shares, and annual cash bonus up to 2x base salary.
Company developing digital gaming platform offering NFT-based avatars playable across games; plans to launch proprietary games initially.

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