Business Context and Reporting Period
This Form 8-K Current Report was filed by Nexalin Technology, Inc. on August 26, 2026. The report details a material corporate action involving a reverse stock split of the Company's common stock, which trades on The Nasdaq Capital Market under the ticker symbol "NXL". The Company is incorporated in Delaware and identifies as an emerging growth company.
Key Financial Metrics
This filing is a current report regarding a corporate governance action and does not contain financial performance data. There are no disclosures regarding revenue, profit, cash flow, margins, debt, or liquidity in this document.
Material Changes
The primary material change disclosed is the implementation of a 1-for-30 reverse stock split of the Company's outstanding common stock. Key details include:
- Effective Time: August 28, 2026, at 5:00 p.m. Eastern Time.
- Trading Resumption: Expected to begin on August 31, 2026, at market open on a split-adjusted basis.
- Share Consolidation: Every 30 shares of issued and outstanding Common Stock will be combined into one share.
- Fractional Shares: No fractional shares will be issued; stockholders entitled to fractions will receive a cash payment based on the closing price on August 28, 2026.
- Par Value: The par value of $0.001 per share remains unchanged.
- CUSIP: The post-split CUSIP number will be 65345B300.
Guidance, Outlook, and Risks
The filing includes standard forward-looking statements regarding the Reverse Stock Split and its potential impacts on the Common Stock. The Company disclaims any obligation to update these statements. No specific financial guidance, management commentary on operational outlook, or discussion of specific risks beyond the standard safe harbor language is provided in this text.
Investor Verification Checklist
- Verify the exact number of shares held prior to the August 28, 2026, effective time to calculate post-split holdings.
- Confirm the closing price of NXL on August 28, 2026, to determine the cash payout value for any fractional shares.
- Check the updated CUSIP number (65345B300) with brokerage firms to ensure proper account updates.
- Monitor trading activity on August 31, 2026, to confirm the stock begins trading on a split-adjusted basis.