NeurAxis Inc. has announced the execution of a new At The Market Offering Agreement with Craig-Hallum Capital Group LLC, allowing the company to sell shares of its common stock valued at up to $3.3 million. Under this agreement, NeurAxis will leverage Craig-Hallum as its sales agent, utilizing their commercially reasonable efforts to sell the stock based on the company's instructions. This offering is integrated with NeurAxis's existing Registration Statement on Form S-3, which was declared effective earlier this year. The sales agent will earn a 3% commission on gross sales proceeds, and NeurAxis will cover specific legal fees and expenses.
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