Gaxos.ai (GXAI) said late Monday it closed a registered direct offering of about 1.3 million shares at $3 per share.
The company also issued unregistered warrants to purchase up to about 1.3 million shares with an exercise price of $3 per share.
The company said gross proceeds from the offering were about $4 million, and that it intends to use net proceeds for general corporate purposes.
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