Neuraxis ends Masimo partnership on NSS-2 Bridge; pays $200K, forfeits future royalties

Neuraxis, INC

Terminated License and Collaboration Agreement with Masimo Corp., effective July 1, 2025.
Neuraxis to pay Masimo $200,000 in two installments (Dec 2025 and Jun 2026) for trademarks, patents, and inventory.
Neuraxis will no longer receive any licensing payments or revenue from the NSS-2 Bridge device.
Adopted 2025 Employee Stock Purchase Plan, offering 100,000 shares at 15% discount.

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