other_material
confidence high
sentiment neutral
materiality 0.25
Nexalin closes partial over-allotment exercise, raising $312K at $1.30/share
Nexalin Technology, Inc.
- On June 5, 2025, Maxim Group partially exercised its over-allotment option for 240,000 shares.
- Shares sold at $1.30 each; aggregate gross proceeds of $312,000 before underwriting discounts.
- Closing occurred on June 6, 2025; total shares sold in offering now 4,090,000.
- Over-allotment was part of a May 2025 firm commitment public offering initially covering 3,850,000 shares.
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