secwatch.observer — SEC 8-K summary
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Issuer:     Nexalin Technology, Inc. (NXL)
CIK:        0001527352
Form:       8-K
Filed at:   2025-04-17T23:59:59+00:00
Accession:  0001829126-25-002760
Event type: other_material
Sentiment:  neutral
Materiality: 0.45
Item codes: 4.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nexalin replaces Marcum with CBIZ as auditor; prior reports flagged going concern, material weaknesses
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- Marcum resigned April 16, 2025; company engaged CBIZ CPAs P.C., which acquired Marcum's attest business.
- No disagreements with Marcum on accounting principles or audit scope over the past two fiscal years.
- Prior audit reports for FY2024 and FY2023 included explanatory paragraph about substantial doubt on going concern.
- Material weaknesses persisted: inadequate segregation of duties and IT user/superuser access controls.
- Marcum provided a letter concurring with disclosures, attached as Exhibit 16.1.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1527352/000182912625002760/0001829126-25-002760-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1527352/000182912625002760/nexalintec_8-k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-25-002760

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