Nexalin receives Nasdaq delisting notice for stockholders' equity deficiency

Nexalin Technology, Inc.

Nasdaq notified Nexalin on May 16, 2024 of non-compliance with minimum $2.5M equity requirement.
Stockholders' equity reported as $2,326,987 in Q1 2024 Form 10-Q.
Company has until July 1, 2024 to submit a compliance plan for a possible 180-day extension.
No immediate effect on listing; common stock continues trading on Nasdaq under symbol NXL.
There is no assurance the company can regain compliance with Nasdaq rules.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.