Gaxos AI Inc (GXAI)

[Invest-in-America]

GXAI: What happened to their 90% run in the Pre-M today???

[TheFinalCD]

wow missed this PM wild action

[Awl416]

Oink oink

[tw0122]

Boom time again

[Here Today]

Hopefully the SEC was or is watching what transpired today with how the MM’s “sucked in” retail traders and then blindsided them with all the sells below the previous last bid in order to keep the PPS going lower…..

[TimeFades]

Offering now wish I held short

[Here Today]

Wow….. Simply Wow….. Criminal Market Makers let this fly to almost $17 and then just like that, dropped the share price with all the BS halts…. Criminal in my opinion.

[Invest-in-America]

GXAI: It was only a nice early morning FLIP, for circa an 80% quick profit if ya had grabbed it in the PRE-M at no more than 100% up.

[Money hunt]

Blue skies dude!!! Just might be FOXO Breakthrough

[Invest-in-America]

GXAI: A month ago, their glorious news was about "AI & ONLINE GAMING" baloney!!! But now, it's "AI & MEDICAL HACKING" baloney!!! (Dump this QUICK, folks!!!)

[Invest-in-America]

GXAI: FLUFF (AI) "news" about using some OTHER firm's stuff --- but nevertheless could be a 10-bagger, RIGHT? (And just had a 1-for-12 Reverse Split!! HA-HAAAA!! So, their CEO thinks:

"How can we get suckers to load-up our shares so they don't tank due to our RS?? Well, we can subscribe to that OTHER company's AI-BIO-HACKING stuff!! And heck, with all those TRENDING words & phrases in the PR --- AI, HACKING, etc. --- our stock will SOAR!!! And then we DUMP after about 10-minutes into the Market OPEN!!!"

[Awl416]

Gaxos Acquires Rights to AI-enabled Technology from Top Biohacking App

[Muhbruh]

$GXAI fresh r/s with no dilution and 11 months of cash 780k float
Can run after $PIK $AUUD pic.twitter.com/UdYlSn9Fgx

— STOCKS Gambino (@StocksGambino) March 11, 2024

[Renee]

GXAI: effective March 8,2024 a one for 12 reverse split:

https://hedgefollow.com/upcoming-stock-splits.php

[Roily23]

Their only option is to do a R/S or move to OTC and 1:20 makes the options work that are exercisable this month.


Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

As previously reported, On July 10, 2023, Gaxos.ai Inc. (formerly, The NFT Gaming Company, Inc.) (the “Company”) received written notice (the “Notice”) from the , the Nasdaq Listing Qualifications Staff (the “Staff”) of the Nasdaq Stock Market, LLC (“Nasdaq”) indicating that the bid price for the Company’s common stock (the “Common Stock”), for the last 30 consecutive business days, had closed below the minimum $1.00 per share and, as a result, the Company is not in compliance with the $1.00 minimum bid price requirement for the continued listing on The Nasdaq Capital Market, as set forth in Nasdaq Listing Rule 5550(a)(2). The Company was provided an initial period of 180 calendar days, or until January 8, 2024 to regain compliance.

On January 9, 2024, the Staff notified the Company that it has not regained compliance with Listing Rule 5550(a)(2) and is not eligible for a second 180 day period because the Company does not comply with the minimum stockholders’ equity initial listing requirement for The Nasdaq Capital Market (the “Delisting Determination”). Further, unless the Company requests an appeal of the Delisting Determination to a Hearings Panel (the “Panel”), the Company’s securities will be scheduled for delisting from the Nasdaq Capital Market and will be suspended at the opening of business on January 18, 2024, and a Form 25-NSE will be filed with the Securities and Exchange Commission (the “SEC”), which will remove the Company’s securities from listing and registration on the Nasdaq Stock Market. The Company intends to submit a hearing request prior to this date which will stay the suspension of the Company’s securities and the filing of the Form 25-NSE pending the Panel’s decision. The Company intends to submit a plan to the Panel that includes a discussion of the events that it believes will enable it to regain compliance in this time frame and a commitment to effect a reverse stock split, if necessary.



This Current Report on Form 8-K contains forward-looking statements, including, but not limited to, statements regarding the Company’s ability to regain compliance with the minimum bid price requirement, the Company’s intentions to actively monitor closing bid price of its Common Stock and the Company’s plans to consider implementing available options to regain compliance with the minimum bid price requirement. The Company’s actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of these risks and uncertainties, including the risk that the Company may not meet the minimum bid price requirement during any compliance period or in the future, the risk that the Company may not otherwise meet the requirements for continued listing under the Nasdaq Listing Rules, the risk that Nasdaq may not grant the Company relief from delisting if necessary, the risk that the Company may not ultimately meet applicable Nasdaq requirements if any such relief is necessary, among other risks and uncertainties. A further description of the risks and uncertainties relating to the business of the Company is contained in the Company’s most recent Annual Report on Form 10-K, as may be amended or supplemented from time to time by the Company’s Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. The Company undertakes no duty or obligation to update any forward-looking statements contained in this Current Report on Form 8-K as a result of new information, future events or changes in its expectations.

[Roily23]

Item 5.07 Submission of Matters to a Vote of Security Holders.

On February 28, 2024, Gaxos.ai Inc. (the “Company”) held a special meeting of shareholders, (the “Special Meeting”). Shareholders of record at the close of business on January 12, 2024 (the “Record Date”) were entitled to notice of and one vote for each share of common stock held by such shareholder. On the Record Date, there were 11,860,417 shares of common stock issued and outstanding, of which 5,676,292 shares of common stock were represented at the Special Meeting, or approximately 47.86% of the total outstanding shares of common stock on the Record Date, which was sufficient to constitute a quorum pursuant to the Company’s Bylaws, as amended, and to transact business.

Set forth below are the final voting results for each of the proposals:

Proposal No. 1 – At the Special Meeting, the shareholders approved granting discretionary authority to the Company’s Board of Directors to amend the Company’s Certificate of Incorporation to effect one or more consolidations of the Company’s issued and outstanding shares of common stock, pursuant to which the shares of common stock would be combined and reclassified into one share of common stock at a ratio within the range from 1-for-2 up to 1-for-20 (the “Reverse Stock Split”), provided that, (i) that the Company shall not effect Reverse Stock Splits that, in the aggregate, exceeds 1-for-20, and (ii) any Reverse Stock Split is completed no later than the first anniversary of the record date of the Special Meeting, or February 28, 2025.

The voting results were as follows:

Votes For Votes Against Abstentions
5,625,190 43,434 7,667

[Me2Greedy]

I did and could not find anything

[Roily23]

It is in their filings, just go read them.

[Me2Greedy]

And how do you know this. Links please

[Roily23]

So an R/S vote Wednesday. Guess the only question is how big do they make it. With options exercisable at $4.15 on March 6 and delisting inevitable it seems like 1:10 gets them what they need.

[INFINITI]

Looks like going back to 52wk low

[Surfacetite]

Need that good pamp today

[Invest-in-America]

GXAI: Everything about their news piece had ALL of today's 'TRENDING' elements (AI, Online Gaming, etc.). However, if after the Open one did NOT flip-it very quickly, well, it was a losing proposition, for sure. Yet on the other hand, SOME of such 'Trending-News' stocks have soared circa 1000%-to-1600% within 30-minutes after the Open. THAT's the gamble everybody takes these days. But the GXAI one was a DUD --- but NOT if ya dumped it QUICKLY after the Open, at which time it gave about $200 profit on a $1000 toss. Or, a $2000 profit on a $10,000 toss. The NASDAQ is now like the old OTC --- a daily, 1-day, CRAPS-SHOOT casino routine.

PS: A hugely-more-CONSERVATIVE play for Tuesday is @IOVA --- go to that iHub board, & check-it-out. Myself, I have a small 'Lotto-Ticket' gambit in it right now, but may load more in the Pre-Market this looming Tuesday. (Bottom line, YOU yourself have to make the final call, wherever you go.)

[fink]

11m O/S and cEO is looking for some stink pink level shareholders vote for total control?


1:2 to 1:20 R/S at his discretion and one year to decide if he needs it?


I guess he's afraid of getting punched off Naz.


R/S or pump to get Market cap back up?
Again, their business plan is way over my pay grade.

[fink]

I'm a Boomer.
What the hell does this news even mean
How does it turn into revenue over the long term?

[Nadendla]

wow.. u sleazy pumper..lets see..

[gail]

the halts, right out of the gate, killed it. sigh.

[TrendTrade2016]

Nice pump and dump. Always sell the open.

[boston127]

One heck of a jump recently.

Will read all about it and may get in on Tuesday.

[JusDePomme]

What price u in Gail?

[gail]

wow, lets see what tues brings. (monday is closed)

[bigfart]

Today's hit Monday disaster

[INFINITI]

Got some .58 to average down

[gail]

yipes. oh well, im holding, monday is closed for the holiday,

[gail]

did you get 60s? if so, congrats!

[INFINITI]

Same

[gail]

i hope it runs like hell but monday is a…

..

holiday, stocks closed, so, who knows, i might wait this one out.

[INFINITI]

Yeah we shall see after hrs

[gail]

hoping this gets going again before they killed it with one halt after the next.

[Surfacetite]

Just healthy buying. After hrs right?

[golfforpennies]

Added more at .88.... GO GXAI

[INFINITI]

Ok nice got a few more

[golfforpennies]

Most of todays volume has been above .90 In my opinion .92 to 1.10 is a safe range to buy as I expect next week to touch 1.50 Minimum. Next news will take us past 2.00

[INFINITI]

Break that $1 wall

[INFINITI]

Now lets goooo$$$$$

[gail]

nice grab infinity!

[Invest-in-America]

GXAI: Would be NICE, Dude!! (Bonkers WILD day behind the NASDAQ today, Bro!!! See below what my own BROKER said to me very early today!!)

[INFINITI]

$4 sounds nice

[Invest-in-America]

GXAI: Just like my old 'Wall Street Theory', it's THAT time of day, Girl!! (But takes LONGER into the Open than it used to. Heck, their NEWS had all those 'trending' elements. GAMING is a monster Industry!!)

[INFINITI]

Got some