Gaxos.ai Inc.
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $9.4M
- Price
- $0.8788
- % Change (Daily % change from the live per-ticker quote feed.)
- +1.48%
- Volume
- 370.4K
About
Gaxos.ai Inc. specializes in the creation, acquisition, and ongoing management of digital games that incorporate non-fungible tokens (NFTs). The company also oversees a dedicated digital gaming platform that features its own proprietary titles, alongside games developed and published by external partners, all presented under the Gaxos brand. In January 2024, the organization transitioned from its previous identity, The NFT Gaming Company, Inc., to its current name, Gaxos.ai Inc. Established in 2021, the firm's operations are headquartered in Roseland, New Jersey.
Quick stats
Shares outstanding10.7M
Computed float9.9M
Float / shares92.1%
Key info
SectorTechnology
IndustryElectronic Gaming & Multimedia
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001895618
Websitehttps://gaxos.ai
AI Summary
AI-generated1/14
standardmixedoffering
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 by reducing the exercise price on 3 million outstanding warrants to $1.20.
The original exercise prices ranged from $2.33 to $3.32; the reduction was necessary to incentivize the cash exercise.
As consideration for the early exercise, the company issued 6 million new unregistered warrants exercisable at $0.95 per share.
Red flags
- Warrant exercise price reduced from $2.33-$3.32 to $1.20
- New warrants issued at $0.95 strike price, significantly below original levels
- Proceeds earmarked for general corporate purposes