Nexalin Technology, Inc. (NXL): Nasdaq/NYSE listing notice — Nexalin Technology receives Nasdaq bid price deficiency notice; has 180 days to regain compliance

Nexalin Technology, Inc.

Nasdaq notified Nexalin on May 10, 2023 that its common stock closing bid price fell below $1.00 for 30 consecutive business days.
Company has 180 calendar days, until November 6, 2023, to regain compliance by achieving $1.00 or more for 10 consecutive business days.
If not compliant by Nov 6, may transfer listing to Nasdaq Capital Market for an additional 180-day grace period.
Company says it will monitor options but no decisions made; no assurance of regaining compliance.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 1.0

Nexalin Technology, Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5450(a)(1), 5810(c)(3)(A)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5450(a)(1), 5810(c)(3)(A)

Exact text from the filing

May 10, 2023, Nexalin Technology, Inc. (the “Company”) received written notice (the “Notice”) from the Nasdaq Stock Market (“Nasdaq”) that, because the closing bid price for the Company’s common stock has fallen below $1.00 per share for 30 consecutive business days, the Company no longer complies with the minimum bid price requirement for continued listing on the Nasdaq Global Market, pursuant to Nasdaq Listing Rule 5450(a)(1) (the “Bid Price Requirement”). The Notice has no immediate effect on the listing of the Company’s common stock on The Nasdaq Global Market. Pursuant to Nasdaq Listing R

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Nexalin Technology, Inc. filing history →

Source: SEC EDGAR

accession 0001829126-23-003481

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