secwatch.observer — SEC 8-K summary
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Issuer:     GAXOS.AI INC. (GXAI)
CIK:        0001895618
Form:       8-K
Filed at:   2024-12-20T23:59:59+00:00
Accession:  0001213900-24-110717
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1895618/000121390024110717/0001213900-24-110717-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1895618/000121390024110717/ea0225380-8k_gaxosai.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-110717

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