secwatch.observer — SEC 8-K summary
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Issuer:     Nexalin Technology, Inc. (NXL)
CIK:        0001527352
Form:       8-K
Filed at:   2024-06-28T23:59:59+00:00
Accession:  0001829126-24-004460
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nexalin Technology prices 3M-share public offering at $1.75, gross proceeds ~$5.25M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1527352/000182912624004460/0001829126-24-004460-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1527352/000182912624004460/nexalintech_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-24-004460

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