Gaxos.ai Inc. Raises $3.6 Million in Gross Proceeds from Warrant Exercise Transaction
Gaxos.ai closed a warrant exercise transaction raising approximately $3.6 million in gross proceeds. The company exercised 3,007,654 outstanding warrants at a reduced price of $1.20 per share, down from the original range of $2.33 to $3.32. In consideration, it issued 6,015,308 new unregistered warrants at $0.95 per share.
Key figures
- Deal Value Usd
- 3600000
- Offering Price
- 1.2
- Shares Offered
- 3007654
- New warrants shares
- 6015308
- New warrants exercise price
- 0.95
- Original warrant price range low
- 2.33
- Original warrant price range high
- 3.32
AI analysis
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