Nexalin Technology Regains Compliance with Nasdaq Minimum Bid Price Requirement; Nasdaq Hearings Panel Grants Request for Continued Listing
Nexalin Technology (NXL) has regained compliance with Nasdaq's minimum bid price requirement, with its stock price above $1.00 for 21 consecutive days. The company must now meet a $2.5M stockholders' equity requirement by January 4, 2027, to maintain listing. Nexalin also announced a distribution agreement for South American markets and progress in U.S. clinical trials, according to the company.