Nexalin raises $5.25M in public offering to regain Nasdaq equity compliance

Nexalin Technology, Inc.

Received Nasdaq notice on May 16, 2024 for stockholders' equity of $2.327M, below $2.5M minimum.
Submitted compliance plan to Nasdaq on July 1, 2024.
Consummated public offering of 3 million shares for gross proceeds of ~$5.25M.
Company believes it has regained compliance with Nasdaq equity listing rule.
Nasdaq will continue to monitor compliance at next periodic report.

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