other material
confidence high
sentiment neutral
materiality 0.15
Gaxos.ai amends 8-K to correct private placement purchase price to $5.57 per share/warrant unit
GAXOS.AI INC.
- Corrected purchase price: $5.57 per share of Common Stock plus Common Warrants, $5.569 per Pre-Funded Warrant plus Common Warrants.
- Private placement includes 108,000 shares, 520,367 pre-funded warrants, 628,367 Series A and Series B warrants each.
- Gross proceeds approximately $3.5 million, before fees and expenses; closed on March 15, 2024.
- H.C. Wainwright acted as placement agent, receiving 7.5% cash fee and warrants for 47,128 shares at $6.9625 exercise price.
- Net proceeds to be used for general corporate purposes and working capital.