Nexalin Shares Fall After Pricing of $5 Million Public Offering

MT Newswires Live

05/06

Nexalin Technology (NXL) shares fell over 23% in recent trading Monday after the company priced its underwritten public offering of 3.85 million shares at $1.30 per share.

The stock closed at $1.79 Friday.

Nexalin said it has granted its underwriters a 45-day option to purchase up to 577,500 additional shares. Maxim Group is the book-running manager for the offering set to close Tuesday.

The company said it intends to use the net proceeds for working capital and other general corporate purposes.

Price: 1.37, Change: -0.42, Percent Change: -23.46

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Maxim Group is the book-running manager for the offering set to close Tuesday.</p><p>The company said it intends to use the net proceeds for working capital and other general corporate purposes.</p><p>Price: 1.37, Change: -0.42, Percent Change: -23.46</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4082","symbol_name":"醫療保健設備","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2533155982","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2533155982","pubTimestamp":1746469274,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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