Gaxos.ai Inc. Common Stock (GXAI)
Gaxos.ai Inc. (GXAI) is a technology company specializing in artificial intelligence solutions. It focuses on developing innovative AI-driven platforms and tools aimed at enhancing efficiency and decision-making across various industries. The company's offerings typically include machine learning algorithms, automation systems, and data analytics services to help businesses optimize operations and gain competitive advantages.
Company News
Gaxos.ai Inc. announced the closing of a $5 million registered direct offering, issuing 1,449,277 shares of common stock at $3.45 per share. The company also issued warrants to purchase up to 1,449,277 shares at $3.32 per share. The proceeds will be used for working capital and general corporate purposes.
U.S. stocks traded mixed toward the end of trading, with the Dow Jones gaining over 100 points on Wednesday. The Dow traded up 0.28% to 39,113.63 while the NASDAQ fell 0.25% to 16,225.31. The S&P 500 also rose, gaining, 0.02% to 5,176.06. Check This Out: Top 4 Tech And Telecom Stocks That May Explode This Month  Leading and Lagging Sectors  Energy shares jumped by 1.7% on Wednesday. In trading on Wednesday, information technology shares fell by 0.9%.  Top Headline  Dollar Tree, Inc. (NASDAQ: DLTR) reported worse-than-expected fourth-quarter financial results and issued first-quarter EPS guidance below estimates. Dollar Tree reported fourth-quarter FY23 sales growth of 11.9% year-on-year to $8.63 billion, missing the analyst consensus estimate of $8.67 billion. Adjusted EPS of $2.55 missed the consensus estimate of $2.65, according to data from Benzinga Pro.  Equities Trading UP  Gaxos.ai Inc. (NASDAQ: GXAI) shares shot up 80% to $9.55 after the company announced it acquired the rights to use certain AI-enabled technology from Ultiself. Shares of NuCana plc (NASDAQ: NCNA) got a boost, surging 38% to $0.5390 after the company ...