secwatch.observer — SEC 8-K summary
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Issuer:     GAXOS.AI INC. (GXAI)
CIK:        0001895618
Form:       8-K
Filed at:   2023-02-17T23:59:59+00:00
Accession:  0001213900-23-012955
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1895618/000121390023012955/0001213900-23-012955-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1895618/000121390023012955/ea173936-8k_thenftgame.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-012955

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer