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Gaxos Plans Up to 6M $0.95 Warrants in Cash Deal
Gaxos (NASDAQ: GXAI) announced agreements for the immediate cash exercise of existing warrants for approximately $3.6 million in gross proceeds. These warrants cover up to 3,007,654 shares at a reduced exercise price of $1.20 per share. In return, Gaxos will issue new unregistered warrants to purchase up to 6,015,308 shares at an exercise price of $0.95, with proceeds …