---
schema_version: "secwatch.filing_event.v1"
accession: "0001829126-22-017011"
form_type: "8-K"
ticker: "NXL"
cik: "0001527352"
company_name: "Nexalin Technology, Inc."
filed_at: "2022-09-20T23:59:59+00:00"
generated_at: "2026-06-23T08:30:47.501918+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Nexalin Technology closes IPO: 2.3M units at $4.15, gross proceeds $9.6M

## Summary
- Offered 2,315,000 units (1 share + 1 warrant) at $4.15/unit; gross proceeds $9.6M, net ~$8.7M.
- Warrants exercisable at $4.15 for 3 years; redeemable at $0.01 if stock >$12.45 for 20 of 30 days.
- Maxim Group sole book-runner; shares and warrants trade on Nasdaq under NXL and NXLIW.
- Underwriters partially exercised overallotment, purchasing 347,250 additional warrants.

## SEC filing metadata
- accession: 0001829126-22-017011
- form_type: 8-K
- ticker: NXL
- cik: 0001527352
- company_name: Nexalin Technology, Inc.
- filed_at: 2022-09-20T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1527352/000182912622017011/0001829126-22-017011-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1527352/000182912622017011/nexalintech_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001829126-22-017011
- JSON: https://secwatch.observer/filing/0001829126-22-017011.json
- Plain text: https://secwatch.observer/filing/0001829126-22-017011.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.