Shares of Gaxos.ai Inc. (NASDAQ:GXAI) are soaring Tuesday after the company announced Amazon Web Services committed to fund the preliminary development of its AI-powered sales coaching platform.
Amazon Web Services Backs Sales Platform
The AWS-backed initiative, in collaboration with AWS partner Caylent, supports the development of a real-time, AI sales platform. The platform will incorporate live call transcription, automated coaching intelligence and post-call analytics.
“AWS funding our platform development is a major validation event for Gaxos,” said Vadim Mats, CEO of Gaxos. “This collaboration materially advances our roadmap and enhances our ability to pursue large-scale commercial opportunities.”
Gaxos Aims To Raise $3 Million Through Stock Sales
Gaxos also recently announced a $3 million at the market stock offering with H.C. Wainwright. H.C. Wainwright will earn a 3.0% commission on gross proceeds, while Gaxos.ai retains discretion over whether, when and how many shares to sell, with the program terminating once $3 million of stock has been sold.
Shares Soar After Amazon Partnership
GXAI Price Action: Gaxos.ai shares are up 53.90%, trading at $2.17 at the time of publication on Tuesday. The stock’s been bouncing between a high of $2.63 and a low of $1.67 today. Trading volume is pretty hefty, with approximately 164 million shares changing hands. It’s also worth noting that the stock is about 21% below its 52-week high.
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