# GAXOS.AI INC. (GXAI) — capital_raise/atm_program [pending]
Source: sec.gov · situation sit_814d45aab106456ad45b · public 3849354818052614628 · retrieved 2026-08-19T12:11:13.642Z

## Overview
Gaxos.ai Inc. is a prepackaged software company (formerly NFT Gaming Co Inc.) that develops AI-related software solutions.

On August 14, 2026, Gaxos.ai Inc. entered into an inducement offer letter with warrant holders to exercise existing warrants (issued September–December 2024, with exercise prices of $2.33–$3.32 per share) for cash at a reduced exercise price of $1.20 per share. In exchange, the Company issued new common stock purchase warrants to purchase an aggregate of 6,015,308 shares at an exercise price of $0.95 per share, with a three-year term. The holders exercised existing warrants to purchase 3,007,654 shares at the reduced price. The Company received aggregate gross proceeds of approximately $3.6 million from the exercise, before deducting placement agent fees and expenses. Closing was expected on August 17, 2026.

## Terms
- Counterparty: Warrant holders · Deal value: $3.6M · Consideration: cash · Price/share: $1.2

## Key dates
- Announced 2026-08-14 · Expected close 2026-08-17

## Timeline
- 2026-08-14 · 8-K (0001213900-26-090113): 8-K - GAXOS.AI INC. — *Gaxos.ai Inc. is a prepackaged software company (formerly NFT Gaming Co Inc.) that develops AI-related software solutions.* On August 14, 2026, Gaxos.ai Inc. entered into an inducement offer letter with warrant holders to exercise existing warrants (issued September–December 2024, with exercise prices of $2.33–$3.32 per share) for cash at a reduced exercise price of $1.20 per share. In exchange, the Company issued new common stock purchase warrants to purchase an aggregate of 6,015,308 shares at an exercise price of $0.95 per share, with a three-year term. The holders exercised existing warrants to purchase 3,007,654 shares at the reduced price. The Company received aggregate gross proceeds of approximately $3.6 million from the exercise, before deducting placement agent fees and expenses. Closing was expected on August 17, 2026.
  https://www.sec.gov/Archives/edgar/data/1895618/0001213900-26-090113.txt

## Citations
- 0001213900-26-090113 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000121390026090113