other material
confidence high
sentiment neutral
materiality 0.60
Nexalin raises ~$750k via direct offering and signs $15M AMPA with Alumni Capital
Nexalin Technology, Inc.
- Registered direct offering of 2,419,355 shares at $0.31/share; gross proceeds ~$750,000.
- Private placement warrants to buy 1,209,677 shares at $0.50, exercisable immediately, 1-year term.
- AMPA with Alumni Capital LP for up to $15M; commitment fee 2% ($300k) or 3% if delisted within 30 days.
- AMPA pricing at 92% of 3-day VWAP or 97% of lowest prior-day price; beneficial ownership cap 4.99% (up to 9.99%).
- Maxim Group LLC to receive $100k advisory fee; resale S-1 due within 20 business days, else $175k liquidated damages.