secwatch.observer — SEC 8-K summary
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Issuer:     Nexalin Technology, Inc. (NXL)
CIK:        0001527352
Form:       8-K
Filed at:   2024-09-25T23:59:59+00:00
Accession:  0001829126-24-006437
Event type: regulatory
Sentiment:  negative
Materiality: 0.70
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Nexalin Technology receives Nasdaq delisting notice for bid price below $1.00
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- Received Nasdaq notice on Sep 23, 2024 due to bid price below $1.00 for 30 consecutive business days.
- Company has 180-day grace period until March 24, 2025 to regain compliance.
- To regain compliance, closing bid price must be ≥ $1.00 for at least 10 consecutive business days.
- If not compliant by March 24, 2025, may get additional 180-day period by transferring to Nasdaq Capital Market.
- No final decisions made on response; company monitoring bid price and evaluating options.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1527352/000182912624006437/0001829126-24-006437-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1527352/000182912624006437/nexalin_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-24-006437

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