other
confidence high
sentiment neutral
materiality 0.25
Nexalin Technology amends office lease, extends term 65 months and adds 904 sq ft
Nexalin Technology, Inc.
- Third Amendment to Office Lease with Nutex HQ LLC for Houston headquarters.
- Lease term extended 65 months from March 1, 2026; total space ~4,527 rentable sq ft.
- Initial monthly base rent ~$5,435 for existing premises; after expansion delivery, rent ranges $5,470-$6,413.
- Company receives five-month base rent abatement following delivery of expansion space.
- One option to extend lease for additional five-year period at market rate.