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…











