Gaxos.ai raises $4M in registered direct offering at $3.00 per share

GAXOS.AI INC.

Gross proceeds of ~$4M from sale of 1,346,669 shares at $3.00 each; net proceeds ~$3.6M after fees.
Concurrent private placement: 1,346,669 warrants at $3.00 exercise price, exercisable for 3 years.
Annual meeting approves reduction in authorized shares from 50M to 25M and reincorporation to Nevada.
H.C. Wainwright acts as placement agent, receiving 7.5% cash fee and 101,000 warrants at $3.75.
Closing expected Dec 30, 2024; proceeds for working capital and general corporate purposes.

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