secwatch.observer — SEC 8-K summary
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Issuer:     GAXOS.AI INC. (GXAI)
CIK:        0001895618
Form:       8-K
Filed at:   2024-03-15T23:59:59+00:00
Accession:  0001213900-24-023047
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gaxos.ai closes $3.5M private placement of common stock and warrants at $5.57/unit
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- Raised $3.5M gross by selling 628,367 common shares (or pre-funded warrants) plus Series A and B warrants.
- Series A warrants exercisable at $5.50 for 5.5 years; Series B warrants expire in 24 months.
- Net proceeds to be used for working capital and general corporate purposes.
- H.C. Wainwright acted as exclusive placement agent; registration rights agreement filed within 30 days.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1895618/000121390024023047/0001213900-24-023047-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1895618/000121390024023047/ea0201835-8k_gaxosaiinc.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-023047

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