SCHEDULE: Intracoastal Capital Reports 4.99% Stake in GAXOS.AI

Intracoastal Capital LLC, along with individuals Mitchell P. Kopin and Daniel B. Asher, has reported beneficial ownership of 722,280 shares of GAXOS.AI INC. common stock, representing 4.99% of the class.

Summary

• Mitchell P. Kopin, Daniel B. Asher, and Intracoastal Capital LLC (collectively, the Reporting Persons) have filed a Schedule 13G.
• The filing indicates beneficial ownership of 722,280 shares of GAXOS.AI INC. common stock.
• This ownership represents 4.99% of the total outstanding common stock.
• The ownership is primarily derived from the exercise of a new warrant issued to Intracoastal Capital LLC.
• A 'blocker provision' in the new warrant limits the exercise to ensure beneficial ownership does not exceed 4.99%.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this filing as neutral to slightly positive, indicating a significant but capped ownership stake without immediate intent to control.

Positives

• The Reporting Persons have acquired a significant stake in GAXOS.AI INC., demonstrating confidence in the company.
• The ownership level of 4.99% is just below the threshold that would trigger more stringent reporting requirements (e.g., Schedule 13D).
• The filing is current and reflects a recent ownership update as of August 20, 2026.

Negatives

• The 'blocker provision' in the warrant limits the potential upside for the Reporting Persons, capping their ownership at 4.99%.
• The filing does not provide details on the specific business strategy or rationale behind this investment, beyond the warrant exercise.

Risks

• The blocker provision limits the Reporting Persons' ability to increase their stake beyond 4.99%, potentially limiting their influence or ability to benefit from significant future stock appreciation.
• Future changes in the outstanding share count of GAXOS.AI INC. could impact the effective percentage ownership held by the Reporting Persons, even with the blocker provision.

Future Outlook

The filing itself does not contain forward-looking statements or guidance from GAXOS.AI INC. It only reports current ownership levels by the Reporting Persons.

Management Comments

• The Reporting Persons certify that the securities were not acquired or held for the purpose of or with the effect of changing or influencing the control of the issuer.

Industry Context

StockSavvy.ai notes that Schedule 13G filings typically indicate passive investment stakes. The 4.99% ownership level is common for investors who wish to maintain a significant position without triggering active investor scrutiny or control-related disclosures.

Stakeholder Impact

• Shareholders: The filing provides transparency on a significant ownership block, which may influence market perception.
• Management: The 4.99% stake indicates a substantial investor, though the 'blocker provision' suggests no immediate intent for control, which may be reassuring to current management.

Next Steps

• The Reporting Persons will continue to monitor their beneficial ownership levels in GAXOS.AI INC.
• Any future changes in ownership that exceed reporting thresholds or alter the nature of the investment may require new filings.

Key Dates

Keywords

GAXOS.AI INC., Schedule 13G, Intracoastal Capital LLC, Mitchell P. Kopin, Daniel B. Asher, Beneficial Ownership, Common Stock, Warrant Exercise