{"schema_version":"secwatch.filing_event.v1","accession":"0001829126-26-009226","form_type":"8-K","ticker":"NXL","cik":"0001527352","company_name":"Nexalin Technology, Inc.","filed_at":"2026-08-21T21:20:17+00:00","discovered_at":"2026-08-21T21:22:13.407980+00:00","generated_at":"2026-08-21T21:22:30.401049+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Nexalin raises $1.0M via $1.17M unsecured note; Nasdaq delisting hearing pending","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001829126-26-009226","json":"https://secwatch.observer/filing/0001829126-26-009226.json","markdown":"https://secwatch.observer/filing/0001829126-26-009226.md","text":"https://secwatch.observer/filing/0001829126-26-009226.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1527352/000182912626009226/0001829126-26-009226-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1527352/000182912626009226/nexalintec_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-08-21T21:22:30.401049+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}