Alumni Capital LP is deemed to beneficially own 9.99% of Nexalin Technology, equal to 2,493,075 common shares. The position matters to investors because it includes 2,419,354 shares currently owned and rights to acquire 73,721 shares, while purchase agreements and warrants cap beneficial ownership at 9.99%.

Key Highlights

  • Alumni Capital LP currently owns 2,419,354 Nexalin Technology shares.
  • Outstanding warrants give the fund the right to acquire 73,721 additional shares.
  • Alumni Capital LP reports deemed beneficial ownership of 2,493,075 shares, or 9.99% of the class.

Alumni Capital LP is deemed to beneficially own 9.99% of NEXALIN TECHNOLOGY, INC. (NASDAQ: NXL), representing 2,493,075 shares of common stock. The reported position is passive, with the securities neither acquired nor held to change or influence control of Nexalin Technology.

Alumni Capital’s Reported Position

It also has the right to acquire 73,721 shares through outstanding warrants, subject to the applicable ownership limitation. Alumni Capital GP LLC serves as the fund’s general partner, while Ashkan Mapar controls the general partner. Each reports beneficial ownership of 2,493,075 shares and 9.99% of the class. The reported securities relate to a Securities Purchase Agreement, a Common Warrant, an Any Market Purchase Agreement and a pre-funded warrant, each dated August 19, 2026. The ownership calculation also includes shares the reporting persons may acquire under the purchase agreements or through Warrant exercise, subject to the stated limit.

9.99% Ownership Limitation

The purchase agreements and warrants prevent Alumni Capital and its affiliates from acquiring shares that would push their combined beneficial ownership above 9.99%. The fund and Nexalin Technology may change that limit by written agreement, but any revised percentage cannot exceed 9.99%. The ownership percentage is based on 22,462,632 Nexalin Technology shares outstanding as of August 14, 2026, together with 2,419,354 shares acquired under the purchase agreement and additional shares that may be acquired under the agreements and warrants. The fund said it was electing to report beneficial ownership to the extent required under the applicable beneficial ownership rules for the purchase agreement and Common Warrant. The ownership ceiling governs both current and potential share acquisitions.

Passive Investment Intent

The reporting persons certify that the securities were not acquired or held for the purpose or effect of changing or influencing Nexalin Technology’s control. The certification excludes activities solely connected with a nomination under the specified proxy rule. The fund is a Delaware limited partnership, the general partner is a Delaware Limited Liability company, and Mapar is a United States citizen. Nexalin Technology’s listed address is 1776 Yorktown, Suite 550, Houston, Texas 77,056. The agreements allow Nexalin Technology, at its sole discretion, to require the fund to purchase shares under their respective terms, conditions and limitations. Any such Acquisition remains subject to the 9.99% ownership ceiling.

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