Gaxos.ai announces exercise of 3,007,654 warrants at reduced $1.2 per share price - GXAI News | RalliesGaxos.ai announces exercise of 3,007,654 warrants at reduced $1.2 per share price
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GXAI• Warrant exercise and financing terms
- Gaxos entered agreements for immediate cash exercise of warrants for 3,007,654 shares at a reduced $1.20 per share.
- Gross proceeds are expected to be about $3.6 million, with closing targeted around Aug. 17, 2026.
- The incentive package includes new unregistered warrants for 6,015,308 shares with a $0.95 exercise price.
- The new warrants are exercisable immediately; expiration is set for three years after effectiveness of a planned resale registration statement.
- Net proceeds are earmarked for working capital and general corporate purposes.
