02/04/2026 | Press release | Distributed by Public on 02/04/2026 16:15
Item 8.01 Other Events.
On February 4, 2026, Gaxos.ai Inc. (the "Company") increased the maximum aggregate offering price of the shares of the Company's common stock, par value $0.0001 per share (the "Common Stock") issuable under the At The Market Offering Agreement (the "Sales Agreement") with H.C. Wainwright & Co., LLC, dated January 23, 2026, to up to an additional aggregate of $2,600,000, which does not include the approximately $3,000,000 of shares of Common Stock that were sold to date pursuant to the Sales Agreement, and filed a prospectus supplement (the "Current Prospectus Supplement"). A copy of the legal opinion as to the legality of the $2,600,000 of shares of Common Stock issuable under the Sales Agreement and covered by the Current Prospectus Supplement is filed as Exhibit 5.1 attached hereto.