Nexalin Technology Announces 1-for-30 Reverse Stock Split

What Happened

• Nexalin Technology, Inc. (NXL) filed a Certificate of Amendment on August 26, 2026 and announced a 1-for-30 reverse stock split of its common stock, effective August 28, 2026 at 5:00 p.m. Eastern.
• The Common Stock is expected to begin trading on The Nasdaq Capital Market on a reverse-split adjusted basis at market open on August 31, 2026 under the existing ticker “NXL.”
• The company issued a press release on August 27, 2026 announcing the Reverse Stock Split (Regulation FD disclosure).

Key Details

• Reverse split ratio: 1 new share for every 30 existing shares (30-for-1 consolidation).
• Filing/effective dates: Certificate of Amendment filed Aug 26, 2026; Reverse Stock Split effective Aug 28, 2026 at 5:00 p.m. ET; trading adjusted Aug 31, 2026.
• No change to par value or other terms of the common stock; new CUSIP after split: 65345B300.
• No fractional shares will be issued; holders entitled to fractional shares will receive a cash payment equal to the fractional amount multiplied by the closing price on Nasdaq on Aug 28, 2026 (adjusted for the Reverse Stock Split).

Why It Matters

• The action reduces the number of outstanding shares and adjusts the per-share basis; the filing states the company’s legal capital structure (par value and other terms) is unchanged.
• Trading will reflect the reduced share count starting the first trading day after the effective date, and fractional-share holders will be paid cash as described in the filing.
• Investors should note the effective dates, the new CUSIP, and that the existing ticker “NXL” remains in use; consult your broker for how the split will be handled in your account.