Nexalin closes $5.25M public offering of 3M shares at $1.75 per share

Nexalin Technology, Inc.

Closed public offering of 3,000,000 common shares at $1.75/share; gross proceeds approximately $5,250,000.
Maxim Group LLC acted as sole placement agent; paid 8% fee ($420,000) plus $110,000 expense reimbursement.
Proceeds to be used for general corporate purposes including working capital, operating expenses, and capital expenditures.
Offering conducted under effective SEC Form S-1 registration statement (File No. 333-279684) declared effective June 27, 2024.

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