NeurAxis, Inc. Announces Preferred Stock Dividend

NeurAxis, Inc. (“NeurAxis,” or the “Company”) (NYSE American: NRXS), a medical technology company commercializing neuromodulation therapies for chronic and debilitating conditions in children and adults, today announced that on April 10, 2026, its Board of Directors declared a dividend on its Series B Preferred Stock. Holders of record of the Company’s Series B Preferred Stock (the “Series B Preferred Stock”) as of the close of business on April 21, 2026 will receive a stock dividend of the Company’s common stock, par value $0.001 per share (the “Common Stock”), for every one share of Series B Preferred Stock held. The number of shares of Common Stock to be received by each holder will be determined based on the accrued and unpaid dividends on such holder’s Series B Preferred Stock from the original issue date of such shares through the record date, divided by $2.38. The stock dividend will be payable on April 28, 2026. A total of approximately 510,605 shares of Common Stock are expected to be issued in connection with the dividend. No fractional shares will be issued in connection with the stock dividend. In lieu of any fractional shares, holders of Series B Preferred Stock who would otherwise be entitled to receive a fractional share of Common Stock will receive cash (without interest or deduction) in an amount equal to the product obtained by multiplying (a) $2.38 by (b) the fraction of one share of Series B Preferred Stock owned by such holder.... Read more