secwatch.observer — SEC 8-K summary
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Issuer:     GAXOS.AI INC. (GXAI)
CIK:        0001895618
Form:       8-K
Filed at:   2024-01-10T23:59:59+00:00
Accession:  0001213900-24-002750
Event type: other_material
Sentiment:  negative
Materiality: 0.90
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Gaxos.ai receives Nasdaq delisting notice; trading suspension set for Jan 18, 2024 unless appeal
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- Nasdaq notified Gaxos.ai on Jan 9, 2024 that it failed to regain compliance with $1 minimum bid price rule.
- Company not eligible for second 180-day period because it does not meet minimum stockholders' equity initial listing requirement.
- Trading suspension and Form 25-NSE filing scheduled for Jan 18, 2024 unless company appeals to a Hearings Panel.
- Company intends to submit a hearing request and a plan including a potential reverse stock split to regain compliance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1895618/000121390024002750/0001213900-24-002750-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1895618/000121390024002750/ea191483-8k_gaxosaiinc.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-002750

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