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Nexalin Technology, Inc. received a Staff Determination letter from Nasdaq on July 24, 2026, stating the company…
NXLIWNexalin Technology, Inc.
Nexalin Technology, Inc. received a Staff Determination letter from Nasdaq on July 24, 2026, stating the company failed to regain compliance with the $1.00 minimum bid price requirement. The company is ineligible for a second 180-day compliance period because it does not meet the $5,000,000 minimum stockholders' equity initial listing requirement. Consequently, Nasdaq intends to delist the company's securities and suspend trading on August 4, 2026. The company has timely requested a hearing before a Nasdaq Hearings Panel to appeal this determination. Nexalin Technology, Inc. is a technology company.