05:28 PM EST, 12/12/2024 (MT Newswires) -- Gaxos.ai ( GXAI ) filed a registration statement Thursday with the US Securities and Exchange Commission for the potential sale of up to $50 million of its securities via one or more offerings.

The registration covers common stock, preferred stock, debt securities, warrants, subscription rights, and units, according to the filing.

The net proceeds from securities sales will be used for general corporate purposes, including working capital and capital expenditures. Funds may also be used for acquisitions.