Nexalin Technology signs new HQ lease amendment

Rhea-AI Filing Summary

Nexalin Technology, Inc. entered into a Third Amendment to its Houston headquarters office lease with Nutex HQ LLC, extending the term for 65 complete calendar months commencing on March 1, 2026 and covering approximately 4,527 rentable square feet at 1776 Yorktown, Suite 500.

The amendment adds about 904 rentable square feet of expansion space to the existing 3,623 rentable square feet. Initial monthly base rent is approximately $5,435 for the existing premises before the expansion, then ranges from about $5,470 to $6,413 per month for the combined premises, subject to annual increases. Nexalin will receive a five-month base rent abatement after delivery of the expansion space, provided it complies with its obligations under the lease, and will pay its proportionate share of operating expenses and real property taxes. The company also has one option to extend the lease for an additional five-year period at the prevailing market rate.

Filing Explained

The July 28 8-K reports that the office-lease amendment was executed, but qualifies its description as incomplete and says the full amendment will be filed as an exhibit to the Form 10-Q for the quarter ended June 30, 2026; the lease is disclosed, while its complete terms await that exhibit.

8-K Event Classification

Item 1.01 — Entry into a Material Definitive Agreement

1 item

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

Key Figures

Headquarters rentable space: 4,527 rentable square feet Existing space before expansion: 3,623 rentable square feet Expansion space added: 904 rentable square feet +5 more

8 metrics

Headquarters rentable space 4,527 rentable square feet Total Houston headquarters premises under amended lease

Existing space before expansion 3,623 rentable square feet Existing premises prior to addition of expansion space

Expansion space added 904 rentable square feet Additional rentable space under the Third Amendment

Lease extension term 65 complete calendar months Extension commencing on March 1, 2026

Initial base rent $5,435 per month Existing premises before delivery of expansion space

Combined base rent range $5,470 to $6,413 per month Combined premises after expansion, subject to annual increases

Base rent abatement five months Base rent abatement period after expansion space delivery

Extension option period five-year period Single option to extend lease at prevailing market rate

Key Terms

Third Amendment to Office Lease, base rent abatement, proportionate share of operating expenses, prevailing market rate

4 terms

Third Amendment to Office Lease financial

"entered into a Third Amendment to Office Lease with Nutex HQ LLC"

base rent abatement financial

"The Company will receive a five-month base rent abatement following delivery"

proportionate share of operating expenses financial

"The Company will also be responsible for its proportionate share of operating expenses"

prevailing market rate financial

"one option to extend the term of the Lease for an additional five-year period at the prevailing market rate"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What lease change did Nexalin Technology (NXL) disclose on July 28, 2026?

Nexalin Technology entered into a Third Amendment to its Houston headquarters office lease, extending the term for 65 complete calendar months starting March 1, 2026 and continuing to use space at 1776 Yorktown, Suite 500 as its corporate headquarters.

How much space does Nexalin Technology (NXL) lease under the amended Houston HQ agreement?

Under the amended lease, Nexalin occupies a total of 4,527 rentable square feet, consisting of 3,623 rentable square feet of existing premises plus an additional 904 rentable square feet of expansion space at its headquarters in Houston, Texas.

What are the base rent terms in Nexalin Technology’s (NXL) amended lease?

Initial monthly base rent is approximately $5,435 for the existing premises before expansion. After the expansion space is delivered, base rent for the combined premises ranges from about $5,470 to $6,413 per month, subject to annual increases during the extended term.

Does Nexalin Technology (NXL) receive any rent abatement under the new lease terms?

Yes. Nexalin will receive a five-month base rent abatement following delivery of the expansion space. This abatement applies only if the company remains in compliance with its obligations under the lease and the Third Amendment’s specified conditions.

Does Nexalin Technology (NXL) have an option to further extend the Houston HQ lease?

Yes. Subject to the Third Amendment’s terms, Nexalin has one option to extend the lease for an additional five-year period, with rent during the extension to be set at the then prevailing market rate for comparable office space.

What additional costs is Nexalin Technology (NXL) responsible for under the amended lease?

Beyond base rent, Nexalin must pay its proportionate share of operating expenses and real property taxes related to the leased premises, as specified in the Third Amendment and the underlying lease agreement with the landlord.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 07/29/2026 - 05:25 PM Accepted by SEC EDGAR 07/29/2026 - 05:25 PM Learn about SEC filing dates

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 28, 2026

NEXALIN TECHNOLOGY, INC.

(Exact name of registrant as specified in its charter)

Delaware		001-41507		27-5566468
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

1776 Yorktown Street, Suite 550, Houston, Texas		77056
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: (832) 260-0222

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading symbol		Name of each exchange on which registered
Common Stock, par value $0.001 per share		NXL		The Nasdaq Capital Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.01 Entry into a Material Definitive Agreement.

On July 28, 2026, Nexalin Technology, Inc. (the “Company”) entered into a Third Amendment to Office Lease (the “Third Amendment”) with Nutex HQ LLC (“Landlord”), which amends that certain Office Lease from 2012, as previously amended (as amended, the “Lease”), for approximately 4,527 rentable square feet located at 1776 Yorktown, Suite 500, Houston, Texas 77056, to be used as the Company’s headquarters. The Third Amendment extends the term of the Lease for a period of 65 complete calendar months commencing on March 1, 2026, and adds approximately 904 rentable square feet of expansion space to the existing 3,623 rentable square feet. The initial monthly base rent is approximately $5,435 per month for the existing premises prior to delivery of the expansion space, and thereafter will range from approximately $5,470 to $6,413 per month for the combined premises, subject to annual increases. The Company will receive a five-month base rent abatement following delivery of the expansion space, subject to the Company’s compliance with its obligations under the Lease. The Company will also be responsible for its proportionate share of operating expenses and real property taxes. Subject to the terms of the Third Amendment, the Company has one option to extend the term of the Lease for an additional five-year period at the prevailing market rate.

The foregoing description of the Third Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Third Amendment, a copy of which will be filed as an exhibit to the Company’s Quarterly Report on Form 10-Q for the period ended June 30, 2026 and is incorporated herein by reference.

1

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: July 29, 2026	NEXALIN TECHNOLOGY, INC.
	/s/ Mark White
	Mark White
	Chief Executive Officer

2

Filing Exhibits & Attachments

3 documents

Other Documents

• EX-101 XBRL SCHEMA FILE 2.9 KB
• EX-101 XBRL LABEL FILE 33.4 KB
• EX-101 XBRL PRESENTATION FILE 21.8 KB