---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-012955"
form_type: "8-K"
ticker: "GXAI"
cik: "0001895618"
company_name: "GAXOS.AI INC."
filed_at: "2023-02-17T23:59:59+00:00"
generated_at: "2026-06-19T08:21:33.288269+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-23-012955
- form_type: 8-K
- ticker: GXAI
- cik: 0001895618
- company_name: GAXOS.AI INC.
- filed_at: 2023-02-17T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1895618/000121390023012955/0001213900-23-012955-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1895618/000121390023012955/ea173936-8k_thenftgame.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-012955
- JSON: https://secwatch.observer/filing/0001213900-23-012955.json
- Plain text: https://secwatch.observer/filing/0001213900-23-012955.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.