secwatch.observer — SEC 8-K summary
======================================

Issuer:     Nexalin Technology, Inc. (NXL)
CIK:        0001527352
Form:       8-K
Filed at:   2025-07-21T23:59:59+00:00
Accession:  0001829126-25-005224
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nexalin appoints Justin Van Fleet as CFO effective August 1, 2025
-----------------------------------------------------------------

- Justin Van Fleet, former partner at Marcum LLP, named CFO; base salary $250,000.
- One-year term starting August 1, 2025; receives 25,000 shares and options for 130,435 shares.
- Options valued at $150,000 based on closing price; 50% vest at 6 months, remainder at 1 year.
- Eligible for two discretionary retention bonuses of $20,000 each tied to employment through end of 2025 and term end.
- Granted under Nexalin's 2023 Equity Incentive Plan; shares and options unregistered.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1527352/000182912625005224/0001829126-25-005224-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1527352/000182912625005224/nexalintec_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-25-005224

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer