BioMedNewsBreaks – Gaxos.ai Inc. (NASDAQ: GXAI) Announces Warrant Exercise Expected to Generate $3.6 Million

Gaxos.ai (NASDAQ: GXAI) announced definitive agreements for the immediate exercise of outstanding warrants to purchase up to approximately 3.01 million shares of common stock at a reduced exercise price of $1.20 per share. The transaction is expected to generate approximately $3.6 million in gross proceeds before fees and expenses, with net proceeds intended for working capital and general corporate purposes. In consideration for the warrant exercise, Gaxos will issue new unregistered warrants to purchase up to approximately 6.02 million shares at an exercise price of $0.95 per share. The offering, for which H.C. Wainwright & Co. is serving as exclusive placement agent, is expected to close on or about Aug. 17, subject to customary closing conditions.

To view the full press release, visit https://ibn.fm/QpWtV

About Gaxos.ai Inc.

Gaxos.AI is a technology company focused on reshaping the way people interact with artificial intelligence across everyday life and high-impact industries. More than a developer of applications, Gaxos.AI is building a portfolio of AI-powered solutions designed to make advanced technology more practical, accessible, and transformative. The company’s growing portfolio spans defense, health and wellness, entertainment, and productivity—bringing intelligent tools to markets where innovation can drive meaningful real-world outcomes.

NOTE TO INVESTORS: The latest news and updates relating to GXAI are available in the company’s newsroom at https://ibn.fm/GXAI

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