Gaxos.ai Inc. - GXAI STOCK NEWS

Gaxos.ai (Nasdaq: GXAI) has announced a $5 million registered direct offering of 1,449,277 common stock shares priced at $3.45 per share. The offering is priced at-the-market under Nasdaq rules and includes a concurrent private placement of unregistered warrants to purchase up to 1,449,277 additional shares at $3.32 per share. The warrants will be exercisable upon issuance and expire after three years.

The offering is expected to close around December 20, 2024, with H.C. Wainwright & Co. serving as the exclusive placement agent. The company plans to use the net proceeds for working capital and general corporate purposes. The common stock shares are being offered under a shelf registration statement, while the warrants are being issued through a private placement.

Gaxos.ai (GXAI) has announced the successful integration of Recraft AI into their Gaxos Labs platform, enhancing their artificial intelligence solution for game developers and publishers. The integration aims to simplify the game development process, supporting the company's strategy to become an all-in-one AI solution provider in the gaming industry.

Gaxos.ai has announced the release of a visual editor for the Godot Engine, enhancing their AI solution for game developers and publishers. The new editor features a user-friendly interface that simplifies the integration of AI-driven features into game projects. This development complements Gaxos's existing API, which is compatible with various game development engines, demonstrating the company's commitment to streamlining game development through visual tools and AI integrations.

Gaxos.ai has announced the successful integration of Suno AI and ElevenLabs into their artificial intelligence solution, Gaxos Labs. This integration enhances the platform's capabilities for game developers and publishers by adding AI-powered sound generation features, including sound clips, lyrics, and sound effects. The company aims to develop a comprehensive AI solution for the gaming industry by continuing to incorporate additional AI tools into their ecosystem.

Gaxos.ai announced that its Board of Directors has approved the purchase of up to $1 million in Bitcoin as a treasury reserve asset. The company's CEO, Vadim Mats, cited Bitcoin's growing demand, acceptance as a major asset class, and recent ETF approvals as key factors in this decision. The company views Bitcoin's supply and inflation-resistant characteristics as beneficial for maintaining value in their treasury strategy.

Gaxos.ai announced its participation in the upcoming AI Summit New York, scheduled for December 11th-12th in New York City. The company, which develops artificial intelligence applications across various sectors, aims to engage with development communities, gamers, and industry leaders to enhance their AI products. CEO Vadim Mats expressed enthusiasm about the company's participation in the event.

Gaxos.ai Inc. has launched Gaxos Labs, an advanced AI solution for game developers and publishers. This new tool offers a suite of features to accelerate development, enhance creativity, and increase revenue. Key components include:

1. A proprietary generative AI asset editor and Unity plugin for quick creation and management of AI-generated assets.
2. A player-facing generative AI offering that allows players to create custom content in-game.
3. Integration with top AI-generation tools like Dall-E, Stability.ai, and Meshy.

Gaxos Labs aims to streamline the creation of images, textures, masks, icons, and other assets, while also providing a new revenue stream through player-generated content. The company has released several games to showcase these features, including Space Striker AI and Battle Fleet AI.

Gaxos.ai Inc. (NASDAQ: GXAI), an AI applications developer, has announced a definitive agreement for the exercise of existing warrants. The agreement involves:

- Purchase of 1,256,734 shares of common stock
- Reduced exercise price from $5.50 to $2.58 per share
- Issuance of new unregistered warrants for 2,513,468 shares
- New warrants exercisable at $2.33 per share

The offering is expected to close around September 23, 2024, generating approximately $3.24 million in gross proceeds. Gaxos plans to use the net proceeds for working capital and general corporate purposes. H.C. Wainwright & Co. is acting as the exclusive placement agent for the offering.

Gaxos.ai, an artificial intelligence applications developer, has announced its participation in the Unite 2024 Conference from September 18th to 20th in Barcelona, Spain. This event, organized by Unity, brings together development communities, gamers, and industry leaders.

CEO Vadim Mats expressed enthusiasm about the opportunity to engage with key stakeholders and foster relationships that could drive growth for Gaxos' AI offerings. The company's presence at this significant industry gathering underscores its commitment to expanding its reach and influence in the AI sector.

Interested parties can arrange meetings with Gaxos representatives or make press inquiries by contacting press@gaxos.ai.