Every material Form 8-K GAXOS.AI INC. has filed with the SEC since August 12, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Gaxos.ai Inc. was notified on September 28, 2026 by Nasdaq that its common stock is not meeting the $1.00 minimum bid price required for continued listing on The Nasdaq Capital Market. The notice has no immediate effect on trading, and the company has until March 29, 2027 to regain compliance, with a possible second 180-day period and a reverse stock split under consideration.
Notice dated September 28, 2026, based on closing bid prices from August 14, 2026 to September 25, 2026
Compliance period ends March 29, 2027; stock must close at or above $1.00 for at least 10 consecutive business days
If not compliant, a second 180-day period may be available; otherwise Nasdaq would issue a delisting determination with a right to appeal to a Hearings Panel
Company may consider a reverse stock split; shares continue to trade as GXAI
Gaxos.ai agreed with holders of existing warrants to exercise 3,007,654 shares at a reduced price of $1.20 per share, down from original exercise prices of $2.33 to $3.32. In exchange, the company will issue new warrants for up to 6,015,308 shares at $0.95 per share, with a three-year term. Gross proceeds are expected to be about $3.6 million before placement agent fees and offering expenses, which would add cash for working capital but could increase the number of shares outstanding if the new warrants are exercised.
Existing warrants for 3,007,654 shares to be exercised at $1.20 per share, with gross proceeds of about $3.6 million expected before fees
New warrants for up to 6,015,308 shares at $0.95 per share, with a three-year term
H.C. Wainwright & Co. is placement agent, with a 7.0% cash fee and 1.0% management fee on exercise proceeds, plus warrants for 150,383 shares at $1.50
Closing expected on August 17, 2026; company to file a resale registration statement within 30 days of closing
Gaxos.ai reported record second-quarter 2026 revenue of $2.46 million, up 35.8% from the first quarter and up 1,337% from the second quarter of 2025, while advertising and marketing expense rose about 13.5%. GAAP net income was $241,056, or $0.02 per share, mainly from a gain on the sale of its gaming assets to Game Foundry AI, so the profit may not repeat in future quarters. The filing gives no financial guidance for future periods.
Q2 2026 revenue was $2.46 million, up 35.8% from $1.81 million in Q1 2026 and up 1,337% from $0.17 million in Q2 2025.
GAAP net income was $241,056, or $0.02 per basic and diluted share, primarily reflecting a gain from the gaming asset sale.
Advertising and marketing expense was $3,141,273 in Q2, compared with $2,766,824 in Q1 2026.
Cash and short-term investments were about $11.44 million at June 30, 2026, versus $11.71 million at March 31, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
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