secwatch.observer — SEC 8-K summary
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Issuer:     GAXOS.AI INC. (GXAI)
CIK:        0001895618
Form:       8-K
Filed at:   2026-08-14T20:20:12+00:00
Accession:  0001213900-26-090113
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gaxos.ai raises ~$3.6M via warrant exercise; issues new warrants at $0.95
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- Existing warrants for 3,007,654 shares exercised at reduced $1.20 (original $2.33-$3.32); gross proceeds ~$3.6M.
- Company issues new warrants to buy up to 6,015,308 shares at $0.95, 3-year term; closing expected Aug 17, 2026.
- H.C. Wainwright acts as placement agent; fees 7% cash + 1% management, plus expenses; agent warrants for 150,383 shares at $1.50.
- Proceeds for working capital and general corporate purposes; resale registration statement to be filed within 30 days.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1895618/000121390026090113/0001213900-26-090113-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1895618/000121390026090113/ea0302215-8k_gaxos.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-090113

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