UPDATED: Nexalin Technology Files Prospectus For The Offering Of Up To $7M Of Common Stock At An Assumed Price Of $2.26 Per Share

Author: Benzinga Newsdesk | June 26, 2024 01:40pm
- SEC Filing We are offering on a reasonable best effort basis up to $7,000,000 of our common stock, $0.001 par value per share. We are offering each share of common stock at an assumed public offering price of $2.26 per share. The securities will be offered at a fixed price and are expected to be issued in a single closing. The offering will terminate on [●], 2024, unless completed sooner or unless we decide to terminate the offering (which we may do at any time in our discretion) prior to that date. We expect this offering to be completed not later than two business days following the commencement of sales in this offering (after the effective date of the registration statement of which this prospectus forms a part) and we will deliver all securities to be issued in connection with this offering delivery versus payment or receipt versus payment, as the case may be, upon receipt of investor funds received by us. Accordingly, neither we nor the Placement Agent (as defined below) have made any arrangements to place investor funds in an escrow account or trust account since the Placement Agent will not receive investor funds in connection with the sale of the securities offered hereunder.v

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