Neuraxis prices IPO of 1,098,667 shares at $6.00, raising ~$6.6M gross

Neuraxis, INC

Pricing of 1,098,667 shares at $6.00 per share; gross proceeds expected ~$6,592,000.
Shares begin trading Aug 9, 2023 on NYSE American under symbol NRXS; closing expected Aug 11.
Underwriters have 45-day option to purchase up to 164,800 additional shares at the offering price.
Net proceeds to fund sales/marketing, R&D, payments to executives per employment agreements, and general corporate.
Alexander Capital L.P. is sole book-running manager for the offering.

item 1.01 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Neuraxis, INC entered into Underwriting Agreement with Alexander Capital, L.P. (effective 2023-08-08).

Action: entry
Agreement: underwriting
Counterparty: Alexander Capital, L.P.
Effective: 2023-08-08

Exact text from the filing

we entered into an Underwriting Agreement (“Underwriting Agreement”), dated August 8, 2023, with Alexander Capital, L.P. as representative of the underwriters named therein.

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Neuraxis, INC filing history →

Source: SEC EDGAR

accession 0001493152-23-027328

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