Gaxos.ai Inc. Announces Exercise of Warrants for $3.24 Million Gross Proceeds
GXAIGaxos.AI(GXAI) GlobeNewswire News Room·2024-09-21 02:58

Roseland, NJ, Sept. 20, 2024 (GLOBE NEWSWIRE) -- Gaxos.ai Inc. (NASDAQ: GXAI), (“Gaxos” or the “Company”), a company developing artificial intelligence applications across various sectors, today announced that it has entered into a definitive agreement for the exercise of certain existing warrants to purchase an aggregate of 1,256,734 shares of its common stock originally issued in March 2024 and having an original exercise price of 5.50pershare,atareducedexercisepriceof5.50 per share, at a reduced exercise price of 2.58 per share. The issuan ...