Gaxos.ai shares are trading lower. The company outlined its post-divestiture operating strategy following the completed sale of its gaming assets.

Gaxos.ai Announces Closing Of Warrant Exercise Inducement For 3,007,654 Shares At Reduced $1.20/Share Exercise Price, Raising $3.6M Gross; Issues New Warrants For Up To 6,015,308 Shares At $0.95/Share

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8-K filing — GAXOS.AI INC. (GXAI)

Filed: 2026-08-14 AccNo: 0001213900-26-090113 Size: 555 KB Item 1.01: Entry into a Material Definitive Agreement Item 3.02: Unregistered Sales of Equity Securities Item 8.01: Other Events Item 9.01: Financial Statements and Exhibits

Gaxos.ai Announces Immediate Exercise Of Warrants To Purchase Up To 3,007,654 Shares At A Reduced Exercise Price Of $1.20 Per Share, Down From Prior Exercise Prices Of $2.33-$3.32 Per Share

In consideration for the immediate exercise of the warrants for cash, the Company will issue new unregistered warrants to purchase up to 6,015,308 shares of common stock. The new warrants will have an exercise price of