Gaxos.ai Anticipates $3.6 Million from Warrant Exercise

Gaxos.ai Inc. expects to finalize an inducement agreement with warrant holders on August 17, 2026, generating approximately $3.6 million in gross proceeds. This involves the exercise of existing warrants at a reduced price, with new unregistered warrants issued as consideration. This capital infusion will support the company's financial position and operational needs.