secwatch.observer — SEC 8-K summary
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Issuer:     Nexalin Technology, Inc. (NXL)
CIK:        0001527352
Form:       8-K
Filed at:   2022-09-16T23:59:59+00:00
Accession:  0001829126-22-016930
Event type: other_material
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1527352/000182912622016930/0001829126-22-016930-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1527352/000182912622016930/nexalintech_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-22-016930

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