GAXOS.AI INC. (GXAI) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 14, 2026

Risk Assessment Details

Potential Dilution: 105.93% of current shares
Recent Dilution: 309.97% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
7.1M
Potential Supply
7.5M
Additional shares possible
Splits
None
Past 2 years

Summary

GXAI currently has 7.12M outstanding shares. with significant dilution risk as 7.55M authorized shares could dilute existing holders by 105.9%. The company has significantly diluted shareholders by 309.97% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 14, 2026

10-Q filing | 7.1M shares outstanding

7.1M 7.5M
Mar 17, 2026

10-K filing | 10.2M shares outstanding

10M 7.5M
Nov 13, 2025

10-Q filing | 7.1M shares outstanding

7.1M 7.5M
Aug 13, 2025

10-Q filing | 7.1M shares outstanding

7.1M 7.5M
May 15, 2025

10-Q filing | 7.0M shares outstanding

7M 7.5M
Mar 28, 2025

10-K filing | 7.1M shares outstanding

7.1M 7.5M
Feb 04, 2025

S-1/A filing: The selling stockholders are offering on a resale basis an aggregate of 3,005,642 shares of common stock consisting of shares issuable upon exercise of warrants.

6.9M 7.5M
Jan 23, 2025

S-1 filing: Selling stockholders are offering on a resale basis an aggregate of 3,005,642 shares of common stock issuable upon exercise of warrants.

6.9M 7.5M
Dec 30, 2024

8-K filing: Gaxos.ai Inc. completed a registered direct offering of 1,346,669 shares of common stock at $3.00 per share, along with warrants to purchase an equal number of shares, with net proceeds expected to be approximately $3.6 million. ($4.04M proceeds)

2.9M 4.5M
Dec 20, 2024

8-K filing: Gaxos.ai Inc. sold 1,449,277 shares of common stock at $3.45 per share in a registered direct offering, and issued warrants to purchase one share of common stock for each share purchased, with the offering expected to close on December 20, 2024. ($5.0M proceeds)

2.9M 4.5M
Dec 12, 2024

S-3 filing: Gaxos.ai Inc. files an S-3 form to register the offering of common stock, preferred stock, debt securities, warrants, subscription rights, or units up to $50,000,000 in one or more offerings.

2.9M 4.5M
Nov 14, 2024

10-Q filing | 2.9M shares outstanding

2.9M 4.5M
Oct 21, 2024

S-3 filing: The selling stockholders are offering on a resale basis up to an aggregate of 2,607,723 shares of common stock.

1.9M 4.5M
Sep 23, 2024

8-K filing: Gaxos.ai Inc. entered into an inducement offer letter agreement with a warrant holder, who agreed to exercise Existing Warrants for 1,256,734 shares at $2.58 per share, resulting in gross proceeds of $3.24 million, in exchange for new Series A and Series B warrants to purchase up to 2,513,468 shares at $2.33 per share. ($3.24M proceeds)

1.1M 1.9M
Aug 13, 2024

10-Q filing | 1.1M shares outstanding

1.1M 1.9M
May 14, 2024

10-Q filing | 1.0M shares outstanding

1M 1.9M
Apr 04, 2024

S-3 filing: The selling shareholders named in this prospectus may offer and resell from time to time up to 1,932,229 shares of our common stock.

990K 1.9M
Mar 27, 2024

10-K filing | 1.0M shares outstanding

990K 0
Mar 15, 2024

8-K filing: Gaxos.ai Inc. completed a private placement on March 15, 2024, issuing 108,000 shares of common stock and pre-funded warrants to purchase up to 520,367 shares, Series A warrants to purchase up to 628,367 shares, and Series B warrants to purchase up to 628,367 shares, raising gross proceeds of approximately $3.5 million. ($3.61M proceeds)

980K 0
Mar 07, 2024
Stock Split

8-K filing: Stock split 1-for-12 | Outstanding: 12,071,750 → 981,528

980K 0
Nov 14, 2023

10-Q filing | 12.1M shares outstanding

12M 0
Aug 14, 2023

10-Q filing | 12.1M shares outstanding

12M 0
May 12, 2023

10-Q filing | 11.3M shares outstanding

11M 0
Mar 31, 2023

10-K filing | 12.1M shares outstanding

12M 0
Feb 17, 2023

8-K filing: The Company completed its IPO and sold 1,686,747 shares of its common stock at $4.15 per share.

N/A 0
Feb 08, 2023

S-1/A filing: This S-1/A filing describes the terms of underwriter warrants to be issued, representing 8.0% of the aggregate number of Firm Shares, exercisable at 110.0% of the initial public offering price.

N/A 0
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