secwatch.observer — SEC 8-K summary
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Issuer:     Nexalin Technology, Inc. (NXL)
CIK:        0001527352
Form:       8-K
Filed at:   2023-11-13T23:59:59+00:00
Accession:  0001829126-23-007308
Event type: regulatory
Sentiment:  negative
Materiality: 0.80
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Nexalin receives Nasdaq delisting notice; bid price and equity rules non-compliant
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- Nasdaq notified Nexalin on May 10, 2023 of bid price deficiency; 180-day cure period expired Nov 6, 2023 without compliance.
- Second 180-day period denied because Company no longer meets $5M minimum stockholder equity initial listing requirement.
- Company appealed to Nasdaq Hearings Panel; trading stay granted while appeal pending.
- Company plans to submit a compliance plan addressing bid price and equity requirements.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1527352/000182912623007308/0001829126-23-007308-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1527352/000182912623007308/nexalintech_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-23-007308

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