Gaxos shares fall 15.25% after-hours as $5 million registered direct offering triggers dilution concerns.

think> Okay, let's tackle this. The user wants me to act as a financial analyst explaining a stock price movement based on recent news. The stock in question is Gaxos, which dropped 15.25% in after-hours trading. First, I need to look at the provided news events to see which ones are relevant. There are three news events listed. The first news is about AWS funding Gaxos's AI sales coaching platform. That seems positive because getting funding from a major player like AWS should validate the company's efforts and could lead to growth. However, the stock fell, so this might not be the cause. The second news mentions a $5 million registered direct offering priced at-the-market. This type of offering usually involves the company issuing shares to raise capital, which can be seen as dilutive to existing shareholders. If the company is raising funds, especially through issuing more shares, it might signal financial needs or a lack of confidence in the stock price, leading to a sell-off. The summary here states that the stock dropped after this announcement. The third news is in Bulgarian and also mentions AWS funding the AI sales platform, similar to the first news. It's a positive event but again, the stock is down, so this might not be the reason for the drop. Now, I need to check the dates. The stock movement is in after-hours trading. The second news event is about a $5 million offering, and the date mentioned is December 21, 2024. The stock drop is on February 3, 2026. Wait, that's a problem. The news event is from December 2024, but the stock drop is in February 2026. That's a significant time gap. However, the user might have provided news up to February 2026, but the specific news about the offering is from December 2024. Maybe there's another offering mentioned. Let me check again. Looking at the second news event's content, it's a summary of a $5 million offering. The user input lists multiple news items, including several about registered direct offerings. For example, on December 21, 2024, Gaxos announced a $5 million registered direct offering. Another on December 20, 2024, about a $5 million offering. Also, on December 30, 2024, a $4 million offering. So there are multiple offerings in late 2024. But the stock drop is in February 2026. That's over a year later. That might not be directly related unless there's another recent offering. Wait, there's a news event titled "GXAI News Today | Why did Gaxos.ai stock drop today?" which is from February 3, 2026. The content mentions extended trading and a fair market value price. The summary says the stock dropped after the announcement of the $5 million offering. But the actual content of the news includes a list of previous offerings, including the December 2024 ones. However, the user might have made a mistake in the date or there's a recent offering that's causing the drop. Wait, the user's input for the second news event has a content that includes a list of news up to February 2026, but the specific news about the $5 million offering is from December 21, 2024. However, the user might have intended that the recent news is the one that's causing the drop. But the dates don't align. Alternatively, maybe there's another offering mentioned in the news that's more recent. Let me check again. Looking through the content of the second news event, there's a list of recent news including "Gaxos.ai Inc. Announces Closing of $5 Million Registered Direct Offering Priced At-the-Market ..." on December 21, 2024. But the stock drop is in February 2026. That's over a year later. That doesn't make sense unless there's another offering mentioned. Wait, maybe there's a mistake in the dates. The user might have intended the most recent offering to be the cause. Let me check if there's a recent offering in February 2026. Looking through the list, the latest dates are in February 2026. For example, "February 3 at 12:51 PM | benzinga.com" mentions Amazon AWS funding the AI platform. Then "February 3 at 8:12 AM | globenewswire.com" is the same as the first news. The other entries go up to February 2026, but the specific offering mentioned in the second news event is from December 2024. There's no recent offering mentioned in February 2026 except the AWS.