Nexalin Technology prices $5.0M public offering of 3.85M shares at $1.30/share

Nexalin Technology, Inc.

Offering of 3,850,000 shares at $1.30 per share for gross proceeds of ~$5.0M.
Expected closing on May 6, 2025; underwriters granted 45-day option for up to 577,500 additional shares.
Maxim Group LLC is sole book-running manager; net proceeds for working capital, sales, marketing, product development.
Shelf registration statement declared effective April 29, 2025; offering made by prospectus supplement.
Underwriting agreement includes 8.0% cash fee plus up to $110,000 expense reimbursement.

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