secwatch.observer — SEC 8-K summary
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Issuer:     Nexalin Technology, Inc. (NXL)
CIK:        0001527352
Form:       8-K
Filed at:   2026-09-28T21:15:27+00:00
Accession:  0001829126-26-010495
Event type: regulatory
Sentiment:  negative
Materiality: 0.72
Item codes: 3.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Nexalin gets Nasdaq panel approval to stay listed; must hit $1.00 bid by Sept 28 and $2.5M equity by Jan 4
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- Nasdaq Hearings Panel granted continued listing on Sept 25, 2026, conditioned on meeting the minimum bid price and $2,500,000 stockholders' equity requirements.
- Company must show compliance with the $1.00 minimum bid price rule by Sept 28, 2026, including a $1.00+ closing bid for 20 consecutive sessions under Rule 5815(c)(4).
- Deadline of January 4, 2027 set to demonstrate the $2,500,000 minimum stockholders' equity requirement under Nasdaq Listing Rule 5550(b)(1).
- Earlier staff determinations on July 24 and Aug 17, 2026 cited failures of the minimum bid price test and both Rule 5550(b) alternatives, and a miss of the $5,000,000 initial listing equity test.
- Shares continue trading on the Nasdaq Capital Market during the exception period; failure to meet the conditions would subject the stock to delisting.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1527352/000182912626010495/0001829126-26-010495-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1527352/000182912626010495/nexalintec_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-26-010495

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