secwatch.observer — SEC 8-K summary
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Issuer:     Neuraxis, INC (NRXS)
CIK:        0001933567
Form:       8-K
Filed at:   2025-07-03T23:59:59+00:00
Accession:  0001641172-25-017723
Event type: other_material
Sentiment:  negative
Materiality: 0.60
Item codes: 1.01, 1.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1933567/000164117225017723/0001641172-25-017723-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1933567/000164117225017723/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-017723

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