secwatch.observer — SEC 8-K summary
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Issuer:     Nexalin Technology, Inc. (NXL)
CIK:        0001527352
Form:       8-K
Filed at:   2026-08-20T21:28:38+00:00
Accession:  0001829126-26-009173
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nexalin raises ~$750k via direct offering and signs $15M AMPA with Alumni Capital
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1527352/000182912626009173/0001829126-26-009173-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1527352/000182912626009173/nexalintec_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-26-009173

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