Form 8-K
8-K — Nexalin Technology, Inc.
Accession: 0001829126-26-007891
Filed: 2026-07-27
Period: 2026-07-24
CIK: 0001527352
SIC: 3845 (ELECTROMEDICAL & ELECTROTHERAPEUTIC APPARATUS)
Item: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
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8-K — nexalintec_8k.htm (Primary)
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
July 24,
2026
NEXALIN TECHNOLOGY, INC.
(Exact name of registrant as specified in its charter)
Delaware
001-41507
27-5566468
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
1776 Yorktown, Suite 550, Houston, Texas
77056
(Address of principal executive offices)
(Zip Code)
Registrant’s telephone
number, including area code: (832) 260-0222
Not Applicable
(Former name or former address,
if changed since last report.)
Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b)
of the Act:
Title of each class
Trading symbol
Name of each exchange on which registered
Common Stock, par value $0.001 per share
NXL
The Nasdaq Capital Market
Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the
Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging Growth Company ☒
If an emerging growth company, indicate by check
mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 3.01
Notice of Delisting or Failure
to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
As
previously disclosed on January 21, 2026, The Nasdaq Stock Market LLC (“Nasdaq”) notified Nexalin Technology, Inc. (the “Company”)
that the bid price of its common stock had closed at less than $1.00 per share over the previous 30 consecutive business days and, as
a result, the Company did not comply with Nasdaq Listing Rule 5550(a)(2), which requires a minimum bid price of $1.00 per share for continued
listing on The Nasdaq Capital Market (the “Minimum Bid Price Requirement”). In accordance with Nasdaq Listing Rule 5810(c)(3)(A),
the Company was provided 180 calendar days, or until July 20, 2026, to regain compliance with the Minimum Bid Price Requirement.
On
July 24, 2026, the Company received a Staff Determination letter from Nasdaq (the “Delisting Notice”) stating that the Company
has not regained compliance with the Minimum Bid Price Requirement and is not eligible for a second 180-day compliance period because
the Company does not comply with the $5,000,000 minimum stockholders’ equity initial listing requirement for The Nasdaq Capital
Market. Accordingly, Nasdaq has determined that the Company’s securities will be scheduled for delisting from The Nasdaq Capital
Market and will be suspended at the opening of business on August 4, 2026, and a Form 25-NSE will be filed with the Securities and Exchange
Commission to remove the Company’s securities from listing and registration on The Nasdaq Stock Market, unless the Company requests
an appeal of this determination.
The
Company may appeal Nasdaq’s determination to a Nasdaq Hearings Panel (the “Panel”) pursuant to the procedures set forth
in Nasdaq Listing Rule 5800 Series. A hearing request must be submitted no later than 4:00 p.m. Eastern Time on July 31, 2026. A hearing
request will stay the suspension of the Company’s securities and the filing of the Form 25-NSE pending the Panel’s decision.
The Company will be asked to provide a plan to regain compliance to the Panel, which may include a discussion of the events the Company
believes will enable it to regain compliance and a commitment to effect a reverse stock split, if necessary.
The
Company has timely requested a hearing before the Panel to appeal Nasdaq’s determination. There can be no assurance that the Panel
will grant the Company’s request for continued listing or that the Company will be able to regain compliance with the applicable
Nasdaq listing requirements.
1
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly
authorized.
Date: July 27, 2026
NEXALIN TECHNOLOGY, INC.
/s/ Mark White
Mark White
Chief Executive Officer
2
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