secwatch.observer — SEC 8-K summary
======================================

Issuer:     Nexalin Technology, Inc. (NXL)
CIK:        0001527352
Form:       8-K
Filed at:   2023-05-16T23:59:59+00:00
Accession:  0001829126-23-003481
Event type: regulatory
Sentiment:  negative
Materiality: 0.70
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Nexalin Technology receives Nasdaq bid price deficiency notice; has 180 days to regain compliance
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1527352/000182912623003481/0001829126-23-003481-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1527352/000182912623003481/nexalintechno_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-23-003481

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer