Gaxos.ai announces 1-for-12 reverse stock split, effective March 7, 2024

GAXOS.AI INC.

Reverse split ratio 1:12; effective 4:01 pm ET on March 7, 2024.
Post-split shares outstanding: approximately 981,528 (filing) / 981,523 (press release).
Common stock continues trading under symbol GXAI with new CUSIP 62911P300.
Fractional shares rounded up to the next whole share; no fractional shares issued.
Split-adjusted trading begins at Nasdaq open on March 8, 2024.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

GAXOS.AI INC.: Filed a certificate of amendment to effect a 1-for-12 reverse stock split of common stock (effective 2024-03-07).

Change: charter amendment
Effective: 2024-03-07

Exact text from the filing

On March 7, 2024, Gaxos.ai Inc. (the “Company”) filed a certificate of amendment (the “Certificate of Amendment”) to the Company’s Certificate of Incorporation, as amended, with the Secretary of State of Delaware to effectuate a 1-for-12 reverse stock split (the “Reverse Stock Split”) of the Company’s issued and outstanding shares of common stock, par value $0.0001 per share (“Common Stock”).

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GAXOS.AI INC. filing history →

Source: SEC EDGAR

accession 0001213900-24-021390

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