---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-081033"
form_type: "8-K"
ticker: "GXAI"
cik: "0001895618"
company_name: "GAXOS.AI INC."
filed_at: "2024-09-23T23:59:59+00:00"
generated_at: "2026-05-31T02:32:54.242483+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Gaxos.ai raises $3.24M via warrant exercise inducement; issues new warrants

## Summary
- Existing warrants for 1,256,734 shares exercised at reduced price of $2.58/share (original $5.50); gross proceeds $3.24M.
- Issued new Series A warrants (5.5-yr term) and Series B warrants (24-mo term) to purchase up to 2,513,468 shares at $2.33/share.
- H.C. Wainwright acted as placement agent; fees include 7.5% cash fee, 1% management fee, $85k expenses.
- New warrants unregistered; company to file resale registration statement within 30 days post-closing.
- Company agreed to no equity issuance for 30 days post-closing; variable rate transactions prohibited for 2 years.

## SEC filing metadata
- accession: 0001213900-24-081033
- form_type: 8-K
- ticker: GXAI
- cik: 0001895618
- company_name: GAXOS.AI INC.
- filed_at: 2024-09-23T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1895618/000121390024081033/0001213900-24-081033-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1895618/000121390024081033/ea0215345-8k_gaxosaiinc.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-081033
- JSON: https://secwatch.observer/filing/0001213900-24-081033.json
- Plain text: https://secwatch.observer/filing/0001213900-24-081033.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.