---
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"
generated_at: "2026-06-04T06:42:35.907608+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Neuraxis increases Flagstaff financing to $5M, replaces preferred with convertible note

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-011761
- JSON: https://secwatch.observer/filing/0001493152-24-011761.json
- Plain text: https://secwatch.observer/filing/0001493152-24-011761.txt

## Key facts
- Material Agreements
  Neuraxis, INC amended SPA with Flagstaff International, LLC valued at $5 million (effective 2024-03-22).
  - Action: amendment
  - Agreement: equity purchase
  - Counterparty: Flagstaff International, LLC
  - Value: $5 million
  - Effective: 2024-03-22
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1933567/000149315224011761/0001493152-24-011761-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.