AINewsBreaks – Gaxos.ai Inc. (NASDAQ: GXAI) Announces $3.5M Private Placement
Gaxos.ai (NASDAQ: GXAI), a company developing artificial intelligence applications across various sectors, has entered into definitive agreements for a private placement priced at-the-market under Nasdaq rules. The private placement includes 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. The series A warrants and short-term series B…