Nexalin Technology prices $9.6M IPO at $4.15/unit; shares and warrants begin trading on Nasdaq

Nexalin Technology, Inc.

IPO priced at $4.15 per unit; 2,315,000 units sold consisting of one share and one warrant each, gross proceeds ~$9.6M.
Warrants exercisable at $4.15 per share for 3 years; underwriters granted 45-day over-allotment option for up to 347,250 additional units.
Common stock (NXL) and warrants (NXLIW) commenced trading on Nasdaq Capital Market on September 16, 2022.
Maxim Group LLC acted as sole book-running manager; offering made under effective registration statement on Form S-1.

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