Gaxos.ai Inc.

Gaxos.ai Inc. (NFTG) priced its initial public offering on Feb 16, 2023 at $4.15 per share, raising $7M, and listed on Nasdaq Capital Market. At the IPO price its market capitalization was about $50.2M. Laidlaw was lead-left underwriter, joined by Revere. Sheppard Mullin advised the company and Sichenzia Ross Ference Carmel advised the underwriters.

Gaxos.ai Inc., which calls itself the NFT Gaming Company, is developing a digital gaming platform offering its own and third-party games. Players can create and mint in-game items such as skins, characters and gear as non-fungible tokens.

Status

IPO

Ticker

NFTG

Exchange

Nasdaq Capital Market

Priced

Feb 16, 2023

IPO price

$4.15

Raised

$7M

Market cap at IPO price

$50.2M

First filed

Oct 14, 2022

Underwriters

Laidlaw and Revere

Company counsel

Sheppard Mullin

Underwriters' counsel

Sichenzia Ross Ference Carmel

Sector

Technology

Country / state

NJ

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.