Nexalin Technology, Inc. [NXL] - Registered Direct Offering
Nexalin Technology, Inc. plans to conduct a registered direct offering allowing the Purchaser to acquire up to $1 million per purchase, or $5 million upon mutual agreement, with the closing of each purchase occurring within one to three business days after notice, depending on the pricing option chosen.
Why this matters
Nexalin Technology, Inc., a company specializing in electromedical and electrotherapeutic apparatus, has announced a registered direct offering. This offering allows the Purchaser, Alumni Capital LP, to acquire up to $1 million per purchase, with the potential to increase to $5 million upon mutual agreement. The offering is structured to close each purchase within one to three business days after notice, depending on the pricing option chosen. The company has also entered into an any market purchase agreement with Alumni Capital LP, enabling the sale of up to $15 million in shares over a specified term ending December 31, 2027.