secwatch.observer — SEC 8-K summary
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Issuer:     GAXOS.AI INC. (GXAI)
CIK:        0001895618
Form:       8-K/A
Filed at:   2024-03-20T23:59:59+00:00
Accession:  0001213900-24-024358
Event type: other_material
Sentiment:  neutral
Materiality: 0.15
Item codes: 1.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gaxos.ai amends 8-K to correct private placement purchase price to $5.57 per share/warrant unit
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1895618/000121390024024358/0001213900-24-024358-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1895618/000121390024024358/ea0202157-8ka1_gaxosai.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-024358

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