NeurAxis, Inc. entered into a securities purchase agreement for issuance of 1,260,504 series B convertible preferred stock at price of $2.38 per share for gross proceeds of $3,000,000 on November 9, 2023. The transaction will include participation from new investor Flagstaff International, Inc. The aggregate purchase price is to be paid in 15 monthly installments of $200,000 each, commencing on the later of January 10, 2024 or a date after stockholders approve of an amendment to the company?s certificate of incorporation to authorize the creation of the shares. The series B preferred stock is convertible at any time into shares of common stock of the company without any further consideration.
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5-day change | 1st Jan Change | ||
2.8 USD | +0.36% |
|
-4.44% | +4.87% |
07/06 | NeurAxis Submits Application to FDA to Expand IB-Stim Label | MT |
22/05 | Earnings Flash (NRXS) NEURAXIS Posts Q1 Revenue $646,635 | MT |
![Consensus](/images/consensus_flch.gif)
Quarterly revenue - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
+4.87% | 18.61M | |
+75.69% | 12.57B | |
+15.86% | 7.21B | |
-30.02% | 6.82B | |
+12.09% | 5.35B | |
+10.93% | 3.95B | |
-21.44% | 3.69B | |
-30.02% | 2.64B | |
+30.21% | 2.09B | |
-1.11% | 2.03B |
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- NeurAxis, Inc. announced that it expects to receive $3 million in funding from Flagstaff International, Inc