Nexalin Technology announced Thursday that it has received written confirmation from Nasdaq that the company has regained compliance with the minimum bid price requirement. Nasdaq confirmed that the closing bid price of the company's common stock stayed above the $1.00 per share minimum for 21 consecutive trading days, from August 31 through September 29, 2026, following the company's previously announced reverse stock split. Under the terms of the Panel's decision, the company was required to demonstrate compliance with the bid price requirement, which it has now satisfied, and must still demonstrate compliance with the minimum $2.5 million stockholders' equity requirement under Nasdaq Listing Rules on or before January 4, 2027. The company's continued listing on Nasdaq remains subject to the terms of the panel's decision, including that stockholders' equity requirement. Shares of NXL slipped nearly 1.4% pre-market.
Nexalin Technology Inc.Nexalin regained Nasdaq minimum bid price compliance after its reverse split, though it must still meet the $2.5M stockholders' equity requirement by January 4, 2027.
