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.
• Note matures six months after funding; no interest unless a default occurs; company can prepay at any time without penalty.
• Mandatory prepayment tied to financings: lesser of 20% of funds raised or the outstanding note balance.
• Default rate set at 18% per year; trigger events can raise balance 5% to 10%, capped at 25%.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Nexalin Technology Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001829126-26-009226), on August 21, 2026, and is solely responsible for the information contained therein.