secwatch.observer — SEC 8-K summary
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Issuer:     Neuraxis, INC (NRXS)
CIK:        0001933567
Form:       8-K
Filed at:   2024-11-15T23:59:59+00:00
Accession:  0001493152-24-046285
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Neuraxis raises ~$5M through Series B Convertible Preferred Stock to three investors
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- Sold 2,100,840 shares of Series B Preferred Stock at $2.38 stated value for aggregate $5M, closed Nov 13, 2024.
- Preferred ranks senior to common, convertible at any time into common shares; proceeds for working capital.
- Registration rights require filing resale statement within 30 days; 1% monthly late penalty up to 6% of subscription amount, plus 18% interest if unpaid.
- Investor board nominee Gil Aharon to join Board effective Jan 1, 2025, as long as investor holds ≥5% of outstanding shares.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1933567/000149315224046285/0001493152-24-046285-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1933567/000149315224046285/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-046285

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer