---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-021615"
form_type: "8-K"
ticker: "NRXS"
cik: "0001933567"
company_name: "Neuraxis, INC"
filed_at: "2024-05-28T23:59:59+00:00"
generated_at: "2026-06-01T08:22:21.919598+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Neuraxis raises $3M via convertible notes at 8.5% interest; warrants amended

## Summary
- Issued ~$3M aggregate principal convertible notes to three institutional investors; 8.5% annual interest payable quarterly.
- Notes mature June 21, 2025; convert into Series B Preferred at $2.38/share after stockholder approval and certificate filing.
- Proceeds for working capital and corporate purposes; no dividends or payments to affiliates permitted.
- Holders of >70% of outstanding 2023 warrants agreed to waive anti-dilution rights in connection with the note issuance.
- Stockholder approval for Series B Preferred authorization not yet obtained; conversion delayed until approval.

## SEC filing metadata
- accession: 0001493152-24-021615
- form_type: 8-K
- ticker: NRXS
- cik: 0001933567
- company_name: Neuraxis, INC
- filed_at: 2024-05-28T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1933567/000149315224021615/0001493152-24-021615-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1933567/000149315224021615/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-021615
- JSON: https://secwatch.observer/filing/0001493152-24-021615.json
- Plain text: https://secwatch.observer/filing/0001493152-24-021615.txt

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