secwatch.observer — SEC 8-K summary
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Issuer:     Nexalin Technology, Inc. (NXL)
CIK:        0001527352
Form:       8-K
Filed at:   2022-09-20T23:59:59+00:00
Accession:  0001829126-22-017011
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1527352/000182912622017011/0001829126-22-017011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1527352/000182912622017011/nexalintech_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-22-017011

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