secwatch.observer — SEC 8-K summary
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Issuer:     Nexalin Technology, Inc. (NXL)
CIK:        0001527352
Form:       8-K
Filed at:   2024-07-03T23:59:59+00:00
Accession:  0001829126-24-004580
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 closes $5.25M public offering of 3M shares at $1.75 per share
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1527352/000182912624004580/0001829126-24-004580-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1527352/000182912624004580/nexalintec_8-k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-24-004580

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