Gaxos Announces Exercise of Warrants for Approximately $3.6 Million Gross Proceeds
Gaxos.ai entered definitive agreements for the immediate exercise of outstanding warrants to purchase 3,007,654 shares at a reduced price of $1.20 per share, generating gross proceeds of approximately $3.6 million. As consideration for the immediate exercise, the company will issue new unregistered warrants to purchase up to 6,015,308 shares at an exercise price of $0.95 per share. The offering is expected to close on or about August 17, 2026, with H.C. Wainwright & Co.
Key figures
- Deal Value Usd
- 3600000
- Offering Price
- 1.2
- Shares Offered
- 3007654
- New warrants issued
- 6015308
- New warrant exercise price
- 0.95
- Original warrant price range low
- 2.33
- Original warrant price range high
- 3.32
AI analysis
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