{"id":998436,"date":"2026-08-27T07:28:02","date_gmt":"2026-08-27T11:28:02","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/nexalin-technology-announces-reverse-stock-split\/"},"modified":"2026-08-27T07:28:02","modified_gmt":"2026-08-27T11:28:02","slug":"nexalin-technology-announces-reverse-stock-split","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/nexalin-technology-announces-reverse-stock-split\/","title":{"rendered":"Nexalin Technology Announces Reverse Stock Split"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">HOUSTON, TX, Aug.  27, 2026  (GLOBE NEWSWIRE) &#8212; <b>Nexalin Technology, Inc. (Nasdaq: NXL)<\/b> (the \u201cCompany\u201d or \u201cNexalin\u201d), announces that its board of directors has approved a 1-for-30 reverse stock split of the Company\u2019s common stock, to ensure continued compliance with the Nasdaq bid-price rule. The Company\u2019s stockholders approved future reverse stock splits, their timing, and granted the board of directors authority to determine future exact split ratios.<\/p>\n<p align=\"justify\">The reverse stock split will become effective on August\u00a028, 2026, at 5:00 pm, Eastern Time (the \u201cEffective Time\u201d), and the Company\u2019s common stock is expected to begin trading on a reverse stock split-adjusted basis on The Nasdaq Capital Market (\u201cNasdaq\u201d) at market open under the existing ticker symbol, \u201cNXL\u201d on August\u00a031, 2026, the date which has been approved by Nasdaq for the effectiveness of such split.<\/p>\n<p align=\"justify\">As of the Effective Time, every 30 shares of the Company\u2019s issued and outstanding common stock will be combined into one share of common stock. The par value per share of the Company\u2019s common stock will remain unchanged at $0.001.<\/p>\n<p align=\"justify\">The Company\u2019s common stock will continue to trade on Nasdaq under the symbol \u201cNXL\u201d following the reverse stock split, with a new CUSIP number of 65345B300. No fractional shares will be issued in connection with the reverse stock split, and stockholders who would otherwise be entitled to a fractional share will receive a proportional cash payment.<\/p>\n<p align=\"justify\">The Company\u2019s transfer agent, Continental Stock Transfer &amp; Trust Co., will serve as the exchange agent for the reverse stock split. Registered stockholders holding pre-reverse stock split shares of common stock electronically in book-entry form are not required to take any action to receive post-reverse stock split shares. Those stockholders who hold their shares in brokerage accounts or in \u201cstreet name\u201d will have their positions automatically adjusted to reflect the reverse stock split, subject to each broker\u2019s particular processes, and will not be required to take any action in connection with the reverse stock split.<\/p>\n<p align=\"justify\">\n        <b>About Nexalin Technology, Inc.<\/b>\n      <\/p>\n<p align=\"justify\">Nexalin designs and develops innovative neurostimulation products to uniquely help combat the ongoing global mental health epidemic. Nexalin\u2019s medical devices are non-invasive and undetectable to the human body. Nexalin believes its neurostimulation medical devices can penetrate structures deep in the mid-brain that are associated with mental health disorders, and that the deeper-penetrating waveform in its next-generation devices, including the HALO\u2122 Clarity, will generate enhanced patient response without adverse side effects. The Nexalin Gen-2 SYNC 15 milliamp neurostimulation device has been approved in China, Brazil, Oman, and Israel. Additional information is available at www.nexalin.com.<\/p>\n<p align=\"justify\">\n        <b>Cautionary Statement Regarding Forward-Looking Statements<\/b>\n      <\/p>\n<p align=\"justify\">This press release contains certain forward-looking statements within the meaning of the federal securities laws. All statements other than statements of historical facts contained in this press release, including statements regarding Nexalin\u2019s future results of operations and financial position, Nexalin\u2019s business strategy, prospective product candidates, product approvals, research and development costs, timing and likelihood of success, plans and objectives of management for future operations, future results of current and anticipated studies and business endeavors with third parties, and future results of current and anticipated product candidates, are forward-looking statements. These forward-looking statements relate to future events, future performance, or management\u2019s current expectations, beliefs, assumptions, plans, estimates, intentions, or projections relating to the future, and are not guarantees of future performance. Any statements that are not statements of historical fact, or that refer to expectations, projections, or other characterizations of future events or circumstances (including, without limitation, statements containing the words \u201cbelieves,\u201d \u201cexpects,\u201d \u201canticipates,\u201d \u201cplans,\u201d \u201cintends,\u201d \u201cwill,\u201d \u201cmay,\u201d \u201ccould,\u201d \u201cshould,\u201d \u201cwould,\u201d \u201cdesigned to,\u201d \u201cpositioned to,\u201d \u201cpotential,\u201d \u201ctargeted,\u201d \u201cseeking,\u201d \u201ccontinues,\u201d \u201cstrategy,\u201d \u201copportunity,\u201d \u201cestimates,\u201d \u201cprojects,\u201d \u201cforecasts,\u201d \u201cpredicts,\u201d \u201coutlook,\u201d \u201cguidance,\u201d or similar expressions, or the negative of such terms), are forward-looking statements. These statements are based on Nexalin\u2019s current expectations, assumptions, and beliefs and are subject to a number of risks and uncertainties that could cause actual results, performance, or achievements to differ materially from those expressed or implied by the forward-looking statements. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date of this press release.<\/p>\n<p>\n        <b>Contact:<\/b>\n      <\/p>\n<p>Crescendo Communications, LLC<br \/>Tel: (212) 671-1020<br \/>Email: NXL@crescendo-ir.com<\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTgxNjYzMiM3ODA0NzgxIzUwMDEwOTExMw==\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/ODUzNTg5NzctNThmNS00ZjViLTgxYzktNzMxNTA0YWM0MzY0LTUwMDEwOTExMy0yMDI2LTA4LTI3LWVu\/tiny\/Nexalin-Technology-Inc-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>HOUSTON, TX, Aug. 27, 2026 (GLOBE NEWSWIRE) &#8212; Nexalin Technology, Inc. (Nasdaq: NXL) (the \u201cCompany\u201d or \u201cNexalin\u201d), announces that its board of directors has approved a 1-for-30 reverse stock split of the Company\u2019s common stock, to ensure continued compliance with the Nasdaq bid-price rule. The Company\u2019s stockholders approved future reverse stock splits, their timing, and granted the board of directors authority to determine future exact split ratios. The reverse stock split will become effective on August\u00a028, 2026, at 5:00 pm, Eastern Time (the \u201cEffective Time\u201d), and the Company\u2019s common stock is expected to begin trading on a reverse stock split-adjusted basis on The Nasdaq Capital Market (\u201cNasdaq\u201d) at market open under the existing ticker symbol, \u201cNXL\u201d on August\u00a031, 2026, the &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/nexalin-technology-announces-reverse-stock-split\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Nexalin Technology Announces Reverse Stock Split&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-998436","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Nexalin Technology Announces Reverse Stock Split - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/nexalin-technology-announces-reverse-stock-split\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nexalin Technology Announces Reverse Stock Split - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"HOUSTON, TX, Aug. 27, 2026 (GLOBE NEWSWIRE) &#8212; Nexalin Technology, Inc. (Nasdaq: NXL) (the \u201cCompany\u201d or \u201cNexalin\u201d), announces that its board of directors has approved a 1-for-30 reverse stock split of the Company\u2019s common stock, to ensure continued compliance with the Nasdaq bid-price rule. The Company\u2019s stockholders approved future reverse stock splits, their timing, and granted the board of directors authority to determine future exact split ratios. The reverse stock split will become effective on August\u00a028, 2026, at 5:00 pm, Eastern Time (the \u201cEffective Time\u201d), and the Company\u2019s common stock is expected to begin trading on a reverse stock split-adjusted basis on The Nasdaq Capital Market (\u201cNasdaq\u201d) at market open under the existing ticker symbol, \u201cNXL\u201d on August\u00a031, 2026, the &hellip; Continue reading &quot;Nexalin Technology Announces Reverse Stock Split&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/nexalin-technology-announces-reverse-stock-split\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2026-08-27T11:28:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTgxNjYzMiM3ODA0NzgxIzUwMDEwOTExMw==\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/nexalin-technology-announces-reverse-stock-split\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/nexalin-technology-announces-reverse-stock-split\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Nexalin Technology Announces Reverse Stock Split\",\"datePublished\":\"2026-08-27T11:28:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/nexalin-technology-announces-reverse-stock-split\\\/\"},\"wordCount\":700,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/nexalin-technology-announces-reverse-stock-split\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTgxNjYzMiM3ODA0NzgxIzUwMDEwOTExMw==\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/nexalin-technology-announces-reverse-stock-split\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/nexalin-technology-announces-reverse-stock-split\\\/\",\"name\":\"Nexalin Technology Announces Reverse Stock Split - 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(Nasdaq: NXL) (the \u201cCompany\u201d or \u201cNexalin\u201d), announces that its board of directors has approved a 1-for-30 reverse stock split of the Company\u2019s common stock, to ensure continued compliance with the Nasdaq bid-price rule. The Company\u2019s stockholders approved future reverse stock splits, their timing, and granted the board of directors authority to determine future exact split ratios. The reverse stock split will become effective on August\u00a028, 2026, at 5:00 pm, Eastern Time (the \u201cEffective Time\u201d), and the Company\u2019s common stock is expected to begin trading on a reverse stock split-adjusted basis on The Nasdaq Capital Market (\u201cNasdaq\u201d) at market open under the existing ticker symbol, \u201cNXL\u201d on August\u00a031, 2026, the &hellip; Continue reading \"Nexalin Technology Announces Reverse Stock Split\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/nexalin-technology-announces-reverse-stock-split\/","og_site_name":"Market Newsdesk","article_published_time":"2026-08-27T11:28:02+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTgxNjYzMiM3ODA0NzgxIzUwMDEwOTExMw==","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/nexalin-technology-announces-reverse-stock-split\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/nexalin-technology-announces-reverse-stock-split\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Nexalin Technology Announces Reverse Stock Split","datePublished":"2026-08-27T11:28:02+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/nexalin-technology-announces-reverse-stock-split\/"},"wordCount":700,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/nexalin-technology-announces-reverse-stock-split\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTgxNjYzMiM3ODA0NzgxIzUwMDEwOTExMw==","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/nexalin-technology-announces-reverse-stock-split\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/nexalin-technology-announces-reverse-stock-split\/","name":"Nexalin Technology Announces Reverse Stock Split - 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