Gaxos.ai raises $5M via registered direct offering and warrant private placement

GAXOS.AI INC.

Sold 1,449,277 common shares at $3.45/share; gross proceeds ~$5M, net ~$4.4M.
Concurrent private placement of warrants to buy 1,449,277 shares at $3.32, exercisable for 3 years.
Offering priced at-the-market under Nasdaq rules; closing expected Dec 20, 2024.
Net proceeds to be used for working capital and general corporate purposes.
H.C. Wainwright acted as exclusive placement agent; fees include 7.5% cash fee plus warrants.

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