---
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"
generated_at: "2026-08-21T21:22:30.401049+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001829126-26-009226
- JSON: https://secwatch.observer/filing/0001829126-26-009226.json
- Plain text: https://secwatch.observer/filing/0001829126-26-009226.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.