other material
confidence high
sentiment neutral
materiality 0.50
Nexalin Technology prices 3M-share public offering at $1.75, gross proceeds ~$5.25M
Nexalin Technology, Inc.
- Offering of 3,000,000 shares of common stock at $1.75 per share; gross proceeds ~$5.25 million.
- Maxim Group LLC serving as sole placement agent; fee equals 8% of gross proceeds plus expense reimbursement up to $110,000.
- Offering expected to close July 1, 2024, subject to customary closing conditions.
- Registration statement on Form S-1 declared effective by SEC on June 27, 2024.