AINewsBreaks – Gaxos.ai Inc. (NASDAQ: GXAI) Closes on $3.5M Private Placement
Gaxos.ai (NASDAQ: GXAI), a company developing artificial intelligence applications across various sectors, announced that it has closed its previously announced private placement. The private placement comprised the purchase and sale of an aggregate of 628,367 shares of common stock (or pre-funded warrant in lieu thereof), series A warrants to purchase up to 628,367 shares of common stock and short-term series B warrants to purchase up to 628,367 shares of common stock at a price of $5.57 per unit (or per pre-funded warrant in lieu thereof) and accompanying warrants priced at-the-market under Nasdaq rules. The series A warrants and short-term series…