Gaxos.ai Inc. Announces Closing of $4 Million Registered Direct Offering Priced At-the-Market Under Nasdaq Rules
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 30 2024
0mins
Should l Buy GXAI?
Source: Newsfilter
Funding Announcement: Gaxos.ai Inc. raised approximately $9 million through a registered direct offering and a concurrent private placement, selling 1,346,669 shares of common stock at $3.00 each, with plans to use the proceeds for working capital and corporate purposes.
Company Overview: Gaxos.ai is focused on developing AI applications across various sectors, including health, wellness, and gaming, aiming to redefine the human-AI relationship.
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Analyst Views on GXAI
About GXAI
Gaxos.ai Inc. is a technology-based company. The Company is focused on addressing health, longevity, and entertainment, through artificial intelligence (AI) solutions. The Company's offerings include health, wellness and gaming. Its flagship product is its gaming platform called Gaxos (Gaxos Gaming), created to develop, design, acquire, and manage conventional games and to combine these games with unconventional game mechanisms, such as the ability for gamers and developers to utilize artificial intelligence to create and design in-game features, as well as to mint in-game features, such as skins, characters, weapons, gear, levels, and virtual lands, in the form of non-fungible tokens (NFTs) that allows users to have experiences and more control over in-game assets. Its Gaxos Health integrates AI-driven insights with individual biometric data and health goals to create Web and application based personalized wellness strategies for users.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Cost Reduction: This collaboration is expected to lower infrastructure costs and improve scalability for Gaxos.ai, which in turn is projected to enhance gross margins and drive profitability across its AI solutions in health, wellness, and gaming sectors.
- Stock Surge: Following the announcement of the partnership with ByteDance, Gaxos.ai's shares surged nearly 55% in opening trades, indicating strong market confidence in the strategic collaboration and reflecting investor optimism about the company's growth potential.
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- Strong Stock Performance: Following the announcement, Gaxos.ai's shares surged 53.90%, currently trading at $2.17, reflecting strong investor optimism about the company's future, with approximately 164 million shares traded today indicating high market activity.
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- Production Strategy Shift: Kraig Biocraft Laboratories announced its 2026 production strategy has officially transitioned into execution mode, targeting a monthly output of 10 metric tons of recombinant spider silk cocoons, marking an ambitious scale-up in the advanced materials market.
- Commercialization Progress: This production shift is seen as a pivotal step from planning to production, expected to drive sustainable supply contracts and downstream revenue visibility, thereby enhancing market competitiveness.
- AI Technology Partnership: Gaxos.ai finalized a deal with BytePlus, securing preferred pricing and early access to advanced video generation models, which is anticipated to enhance deployment speed and gross margins for its AI video tools.
- Enterprise Security Expansion: Bond completed a one-year pilot with one of the world's largest employers, and if converted into a broader rollout, it could generate over $10 million in annual revenue, highlighting its growth potential in the corporate security sector.
See More
Gaxos.ai Partners with ByteDance to Enhance AI Capabilities
- Strategic Partnership: Gaxos.ai has finalized a partnership with ByteDance's enterprise technology unit, BytePlus, securing preferred pricing and discounts on advanced video generation models, which will accelerate the integration of AI tools into its Art-Gen platform and significantly enhance market competitiveness.
- Cost Reduction: This collaboration is expected to lower infrastructure costs and improve scalability for Gaxos.ai, which in turn is projected to enhance gross margins and drive profitability across its AI solutions in health, wellness, and gaming sectors.
- Stock Surge: Following the announcement of the partnership with ByteDance, Gaxos.ai's shares surged nearly 55% in opening trades, indicating strong market confidence in the strategic collaboration and reflecting investor optimism about the company's growth potential.
- AWS Funding Support: Gaxos.ai also received funding from Amazon Web Services (AWS) for its AI-powered sales coaching platform, Gaxos Labs, which is expected to enhance platform security and operational efficiency through features like real-time call transcription and automated coaching insights.
See More
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- Dow Jones Index Gains: On Tuesday, the Dow Jones index rose approximately 0.1%, trading up 0.06% to 49,529.45 points after the market opened, indicating a mild optimistic sentiment despite mixed overall performance.
- NASDAQ and S&P 500 Performance: The NASDAQ fell 0.03% to 22,540.83 points, while the S&P 500 gained 0.04% to 6,838.63 points, reflecting a divergence between tech stocks and blue-chip stocks, prompting investors to monitor sector dynamics closely.
- Manufacturing Index Decline: The NY Empire State Manufacturing Index dropped to 7.1 in February from 7.7 in January and below the market estimate of 7, indicating a slowdown in manufacturing activity that could impact overall economic growth expectations.
- Improved Employment Data: According to ADP Research, U.S. private employers added an average of 10,250 jobs per week during the four weeks ending January 31, compared to 7,750 in the prior period, suggesting a gradual recovery in the labor market.
See More
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- Partnership Finalized: Gaxos.ai has finalized a deal with Byteplus, securing preferred pricing and significant discounts on ByteDance's advanced video generation models, which will accelerate the deployment of AI capabilities in its Art-Gen platform, enhancing content creation ease and professionalism.
- Accelerated Market Penetration: This partnership positions Gaxos to rapidly penetrate the multi-billion-dollar global creator economy by embedding state-of-the-art AI video tools, reducing infrastructure costs and improving scalability, thereby strengthening the company's competitive advantage.
- AWS Support and Capital Plans: Gaxos is collaborating with AWS partner Caylent to develop a real-time sales platform featuring live call transcription, automated coaching insights, and post-call analytics, further enhancing its market competitiveness.
- Funding Initiative Launched: Gaxos recently launched a $3 million at-the-market stock offering through H.C. Wainwright, which is expected to provide additional funding support for the company's future growth.
See More
Gaxos.AI Partners with Amazon Web Services for AI Sales Platform
- Stock Surge: Gaxos.AI Inc. (GXAI) shares soared over 45% on Tuesday following the announcement of a partnership with Amazon Web Services (AWS), indicating strong market optimism and investor confidence in the company's growth potential.
- Platform Development Support: AWS will assist in developing the real-time AI sales platform named Gaxos Labs, which will incorporate live call transcription, automated coaching intelligence, and post-call analytics, aiming to enhance sales team performance through enterprise-scale deployment.
- Infrastructure Advantages: Built on a fully AWS-native infrastructure, Gaxos Labs will ensure rapid scalability, low latency, and commercial readiness, aiding the company in consolidating and prototyping core platform capabilities while reducing reliance on external providers for operational efficiency.
- Positive Market Reaction: On Stocktwits, retail sentiment around GXAI shifted from 'bearish' to 'extremely bullish', with message volumes increasing from 'high' to 'extremely high', reflecting enthusiastic investor reactions to the Amazon collaboration and further driving the stock price upward.
See More
Gaxos.ai Shares Surge After AWS Funding Announcement
- AWS Funding Support: Gaxos.ai announced that Amazon Web Services (AWS) will fund the preliminary development of its AI sales coaching platform, a major validation event that significantly boosts market confidence and is expected to enhance the company's commercial opportunities.
- Strong Stock Performance: Following the announcement, Gaxos.ai's shares surged 53.90%, currently trading at $2.17, reflecting strong investor optimism about the company's future, with approximately 164 million shares traded today indicating high market activity.
- Financing Plan Initiated: Gaxos.ai also announced a $3 million at-the-market stock offering through H.C. Wainwright, which will earn a 3% commission, providing additional funding to accelerate product development and strategic initiatives.
- Market Volatility Analysis: Despite the significant stock price increase, Gaxos.ai shares remain 21% below their 52-week high, indicating a cautious market sentiment regarding the company's long-term growth potential while also presenting a potential buying opportunity for investors.
See More
