secwatch.observer — SEC 8-K summary
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Issuer:     Nexalin Technology, Inc. (NXL)
CIK:        0001527352
Form:       8-K
Filed at:   2025-05-06T23:59:59+00:00
Accession:  0001829126-25-003427
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1527352/000182912625003427/0001829126-25-003427-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1527352/000182912625003427/nexalintec_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-25-003427

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