secwatch.observer — SEC 8-K summary
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Issuer:     Nexalin Technology, Inc. (NXL)
CIK:        0001527352
Form:       8-K
Filed at:   2025-05-05T23:59:59+00:00
Accession:  0001829126-25-003349
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nexalin reduces ATM offering size from ~$9.8M to $3.1M
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- On May 5, 2025, Nexalin amended equity distribution agreement with Maxim Group, cutting max aggregate offering price from $9,777,825 to $3,100,000.
- ATM program allows sale of common stock from time to time; approximately $3.1M remains available.
- Company's shelf registration on Form S-3 remains effective; new prospectus supplement filed same day.
- No other changes to the agreement; legal opinion on share legality attached as Exhibit 5.1.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1527352/000182912625003349/0001829126-25-003349-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1527352/000182912625003349/nexalintec_8-k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-25-003349

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