Nexalin raises $1.0M via $1.17M unsecured note; Nasdaq delisting hearing pending

Nexalin Technology, Inc.

Issued $1,170,000 unsecured note to Streeterville Capital, LLC for $1,000,000 gross proceeds (after $150K OID and $20K fees).
Note matures in 6 months, bears no interest unless default; default interest accrues at 18% per annum.
Mandatory prepayment of 20% of any future fundraising proceeds; two 3-month extensions add 7.5% each.
Trigger events increase outstanding balance 10% (major) or 5% (minor), capped at 25% aggregate.
Covenant acknowledges pending Nasdaq delisting hearing; company must remain listed or qualify under hearing stay.

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