Nexalin Technology enters USD 1.17 million unsecured note financing with institutional investor

Nexalin entered a Note Purchase Agreement on Aug. 21, 2026 for an unsecured promissory note with a principal amount of USD 1.17 million.

• Gross proceeds totaled USD 1 million, reflecting a USD 150,000 original issue discount and USD 20,000 in investor expense reimbursement.
• The note matures six months after funding; there is no interest unless a default occurs; the company can prepay at any time without penalty.
• Mandatory prepayment is tied to financings at the lesser of 20% of funds raised or the outstanding note balance.
• The default rate is set at 18% per year; trigger events can raise the balance 5% to 10%, capped at 25%.