Neuraxis, Inc. received an updated Schedule 13G/A showing that investment entities linked to Michael Bigger hold a meaningful minority stake in its common stock. As of February 3, 2026, Bigger Capital Fund, LP beneficially owned 801,400 shares of common stock, or about 7.52% of the class.
District 2 Capital Fund LP beneficially owned 175,560 shares, or about 1.65%. Through his roles in these entities, Michael Bigger may be deemed to beneficially own a total of 976,960 shares, or roughly 9.17% of Neuraxis’ outstanding common stock, based on 10,652,812 shares outstanding as of November 7, 2025.
The reporting group certifies that the securities were not acquired and are not held for the purpose of changing or influencing control of Neuraxis, indicating a passive investment stance under the Schedule 13G framework.
Positive
None.
Negative
None.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 2)
Neuraxis, INC
(Name of Issuer)
Common Stock, par value $0.001 per share
(Title of Class of Securities)
64134X201
(CUSIP Number)
12/31/2025
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
SCHEDULE 13G
CUSIP No.
64134X201
1
Names of Reporting Persons
BIGGER CAPITAL FUND L P
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
801,400.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
801,400.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
801,400.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
7.52 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
CUSIP No.
64134X201
1
Names of Reporting Persons
Bigger Capital Fund GP, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
801,400.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
801,400.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
801,400.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
7.52 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP No.
64134X201
1
Names of Reporting Persons
District 2 Capital Fund LP
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
175,560.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
175,560.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
175,560.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
1.65 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
CUSIP No.
64134X201
1
Names of Reporting Persons
District 2 Capital LP
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
175,560.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
175,560.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
175,560.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
1.65 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
CUSIP No.
64134X201
1
Names of Reporting Persons
District 2 GP LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
175,560.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
175,560.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
175,560.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
1.65 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP No.
64134X201
1
Names of Reporting Persons
District 2 Holdings LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
175,560.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
175,560.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
175,560.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
1.65 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP No.
64134X201
1
Names of Reporting Persons
Bigger Michael
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
976,960.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
976,960.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
976,960.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
9.17 %
12
Type of Reporting Person (See Instructions)
IN
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Neuraxis, INC
(b)
Address of issuer's principal executive offices:
11611 N. MERIDIAN ST, SUITE 330, CARMEL, IN 46032
Item 2.
(a)
Name of person filing:
Bigger Capital Fund, LP ("Bigger Capital")
Bigger Capital Fund GP, LLC ("Bigger GP")
District 2 Capital Fund LP ("District 2 CF")
District 2 Capital LP ("District 2")
District 2 GP LLC ("District 2 GP")
District 2 Holdings LLC ("District 2 Holdings")
Michael Bigger
Each of the foregoing is referred to as a "Reporting Person" and collectively as the "Reporting Persons."
(b)
Address or principal business office or, if none, residence:
Bigger Capital Fund, LP
11700 West Charleston Blvd., #170-659
Las Vegas, NV 89135
Bigger Capital Fund GP, LLC
11700 West Charleston Blvd., #170-659
Las Vegas, NV 89135
District 2 Capital Fund LP
175 W. Carver Street
Huntington, NY 11743
District 2 Capital LP
175 W. Carver Street
Huntington, NY 11743
District 2 GP LLC
175 W. Carver Street
Huntington, NY 11743
District 2 Holdings LLC
175 W. Carver Street
Huntington, NY 11743
Michael Bigger
11700 West Charleston Blvd., #170-659
Las Vegas, NV 89135
(c)
Citizenship:
Bigger Capital Fund, LP
Delaware
Bigger Capital Fund GP, LLC
Delaware
District 2 Capital Fund LP
Delaware
District 2 Capital LP
Delaware
District 2 GP LLC
Delaware
District 2 Holdings LLC
Delaware
Michael Bigger
USA
(d)
Title of class of securities:
Common Stock, par value $0.001 per share
(e)
CUSIP No.:
64134X201
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
As of February 3, 2026, Bigger Capital beneficially owned 801,400 shares of Common Stock.
Bigger GP, as the general partner of Bigger Capital, may be deemed to beneficially own the Issuer's securities described herein.
Mr. Bigger, as the managing member of Bigger GP may be deemed to beneficially own the Issuer's securities described herein.
As of February 3, 2026, District 2 CF beneficially owned 175,560 shares of Common Stock.
District 2, as the investment manager of District 2 CF, may be deemed to beneficially own the Issuer's securities described herein beneficially owned by District 2 CF.
District 2 GP, as the general partner of District 2 CF, may be deemed to beneficially own the Issuer's securities described herein beneficially owned by District 2 CF.
District 2 Holdings, as the managing member of District 2 GP, may be deemed to beneficially own the Issuer's securities described herein beneficially owned by District 2 CF.
Mr. Bigger, as the managing member of Bigger GP and the managing member of District 2 Holdings, may be deemed to beneficially own the: (i) 801,400 shares of Common Stock beneficially owned by Bigger Capital, and (ii) 175,560 shares of Common Stock, beneficially owned by District 2 CF.
The foregoing should not be construed in and of itself as an admission by any Reporting Person as to beneficial ownership of any shares of Common Stock owned by another Reporting Person. Each of Bigger GP and Mr. Bigger disclaims beneficial ownership of the shares of Common Stock beneficially owned by Bigger Capital. Each of District 2, District 2 GP, District 2 Holdings and Mr. Bigger disclaims beneficial ownership of the shares of Common Stock beneficially owned by District 2 CF. The filing of this statement shall not be construed as an admission that any such person or entity is the beneficial owner of any such securities.
(b)
Percent of class:
The following percentages are based on 10,652,812 shares of Common Stock outstanding as of November 7, 2025, based upon the Issuer's Form 10-Q filed with the Securities and Exchange Commission on November 10, 2025.
As of February 3, 2026, each of Bigger Capital and Bigger GP may be deemed to beneficially own approximately 7.52% of the outstanding shares of Common Stock.
As of February 3, 2026, each of District 2 CF, District 2, District 2 GP and District Holdings may be deemed to beneficially own approximately 1.65% of the outstanding shares of Common Stock.
As of February 3, 2026, Mr. Bigger may be deemed to beneficially own approximately 9.17% of the outstanding shares of Common Stock.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
See Cover Pages Items 5-9.
(ii) Shared power to vote or to direct the vote:
See Cover Pages Items 5-9.
(iii) Sole power to dispose or to direct the disposition of:
See Cover Pages Items 5-9.
(iv) Shared power to dispose or to direct the disposition of:
See Cover Pages Items 5-9.
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
Bigger GP and Mr. Bigger may be deemed to share voting and dispositive power over the shares of Common Stock beneficially owned by Bigger Capital and each of District 2, District 2 GP, District 2 Holdings and Mr. Bigger may be deemed to share voting and dispositive power over the shares of Common Stock beneficially owned by District 2 CF.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(J), so indicate under Item 3(j) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group.
See Exhibit 99.1. Previously Filed
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
BIGGER CAPITAL FUND L P
Signature:
/s/ Michael Bigger
Name/Title:
Michael Bigger, Managing Member of Bigger Capital Fund GP, LLC, its general partner
Date:
02/03/2026
Bigger Capital Fund GP, LLC
Signature:
/s/ Michael Bigger
Name/Title:
Michael Bigger, Managing Member
Date:
02/03/2026
District 2 Capital Fund LP
Signature:
/s/ Michael Bigger
Name/Title:
Michael Bigger, Managing Member of District 2 GP LLC, its general partner
What ownership stake in Neuraxis (NRXS) does Bigger Capital report?
Bigger Capital Fund, LP reports beneficial ownership of 801,400 Neuraxis shares, representing about 7.52% of the company’s common stock. This percentage is calculated using 10,652,812 shares outstanding as of November 7, 2025, from Neuraxis’ Form 10-Q.
How many Neuraxis (NRXS) shares are tied to District 2 Capital entities?
District 2 Capital Fund LP reports beneficial ownership of 175,560 Neuraxis shares, equal to roughly 1.65% of the common stock. Related entities District 2 Capital LP, District 2 GP LLC, and District 2 Holdings LLC may be deemed to share beneficial ownership of these same 175,560 shares.
What is Michael Bigger’s total reported beneficial ownership in Neuraxis (NRXS)?
Michael Bigger may be deemed to beneficially own 976,960 Neuraxis shares, combining 801,400 shares held by Bigger Capital and 175,560 shares held by District 2 Capital Fund. This corresponds to approximately 9.17% of Neuraxis’ outstanding common stock.
Is the Bigger Capital and District 2 position in Neuraxis (NRXS) considered passive?
Yes. The reporting persons certify the Neuraxis shares were not acquired or held to change or influence control of the company. They state the holdings are not connected with any transaction intended to affect control, consistent with a Schedule 13G passive filing.
How was the percentage ownership in Neuraxis (NRXS) calculated in this Schedule 13G/A?
The ownership percentages use 10,652,812 Neuraxis shares outstanding as of November 7, 2025, as stated in Neuraxis’ Form 10-Q. Each reporting person’s share count is divided by this figure to derive stakes such as 7.52%, 1.65%, and 9.17%.
Which entities are included as reporting persons for the Neuraxis (NRXS) Schedule 13G/A?
The filing lists Bigger Capital Fund, LP, Bigger Capital Fund GP, LLC, District 2 Capital Fund LP, District 2 Capital LP, District 2 GP LLC, District 2 Holdings LLC, and Michael Bigger as reporting persons, each with shared voting and dispositive power as described.
