{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-011761","form_type":"8-K","ticker":"NRXS","cik":"0001933567","company_name":"Neuraxis, INC","filed_at":"2024-03-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.334263+00:00","generated_at":"2026-06-04T06:42:35.907608+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Neuraxis increases Flagstaff financing to $5M, replaces preferred with convertible note","bullets":["Amendment raises Flagstaff investment from $3M to $5M via convertible promissory note.","Note carries 8.5% interest, matures in 15 months, convertible into Series B Preferred at $2.38/share.","Company has received $400,000 to date; 13 additional monthly installments scheduled through March 2025.","Conversion contingent on stockholder approval of Series B Preferred authorization, targeted by Sept 30, 2024.","Proceeds restricted to working capital and general corporate purposes; no dividends or affiliate payments."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-011761","json":"https://secwatch.observer/filing/0001493152-24-011761.json","markdown":"https://secwatch.observer/filing/0001493152-24-011761.md","text":"https://secwatch.observer/filing/0001493152-24-011761.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1933567/000149315224011761/0001493152-24-011761-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1933567/000149315224011761/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T06:42:35.907608+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"65e67df51b39cfa36f0aa89024b541419f51aa8d","claim":"Neuraxis, INC amended SPA with Flagstaff International, LLC valued at $5 million (effective 2024-03-22).","evidence_excerpt":"On March 22, 2024, the Company and Flagstaff entered into the third amendment to the SPA (the “Amendment”) to increase the investment amount from $3 million to $5 million","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1933567/000149315224011761/0001493152-24-011761-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"Flagstaff International, LLC"},{"label":"Value","value":"$5 million"},{"label":"Effective","value":"2024-03-22"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}