false 0001527352 0001527352 2024-08-26 2024-08-26 0001527352 nxl:CommonStockParValue0.001PerShareMember 2024-08-26 2024-08-26 0001527352 nxl:WarrantsEachExercisableForOneShareOfCommonStockMember 2024-08-26 2024-08-26 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

 

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): August 26, 2024

 

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, TX 77056

Registrant’s telephone number, including area code: (832) 260-0222

 

 

(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(s)   Name of each exchange on which registered
Common Stock, par value $0.001 per share   NXL   The Nasdaq Stock Market LLC
         
Warrants, each exercisable for one share of Common Stock   NXLIW   The Nasdaq Stock Market LLC

 

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 5.07 Submission of Maters to a Vote of Security Holders.

 

The annual meeting (the “Annual Meeting”) of the stockholders of Nexalin Technology, Inc. (the “Company”) was convened at 10:00 a.m. Eastern time on August 26, 2024. Of the 10,586,562 shares of the Company’s common stock, par value $0.001 per share (the “common stock”), outstanding at the close of business on July 17, 2024, the record date for the Annual Meeting, 6,387,869 shares of common stock were present or represented by proxy at the Annual Meeting. At the Annual Meeting, the Company’s shareholders voted on the three proposals described below. The final voting results for each proposal are set forth below.

 

Proposal One: Election of five directors of the Company:

 

  Name For Against Abstained
  Leslie Bernhard 3,568,483 0 52,604
  Mark White 3,574,941 0 46,146
  David Owens, M.D. 3,561,825 0 59,262
  Alan Kazden 3,531,212 0 89,875
  Ben V. Hu, M.D. 3,531,626 0 89,461

 

Proposal Two: Approval of an amendment to the Company’s 2023 Equity Incentive Plan (the “Plan”) to increase the number of shares reserved for issuance under the Plan:

 

  For Against Abstained
  3,063,369 330,557 227,161

 

Proposal Three: Ratification of the appointment of Marcum LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2024:

 

  For Against Abstained
  6,225,082 38,391 124,396

 

1

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report on form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.

 

  NEXALIN TECHNOLOGY, INC.
   
  By: /s/ Mark White
    Mark White
    Chief Executive Officer

 

Dated: September 3, 2024

 

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Cover
Aug. 26, 2024
Document Type 8-K
Amendment Flag false
Document Period End Date Aug. 26, 2024
Entity File Number 001-41507
Entity Registrant Name NEXALIN TECHNOLOGY, INC.
Entity Central Index Key 0001527352
Entity Tax Identification Number 27-5566468
Entity Incorporation, State or Country Code DE
Entity Address, Address Line One 1776 Yorktown
Entity Address, Address Line Two Suite 550
Entity Address, City or Town Houston
Entity Address, State or Province TX
Entity Address, Postal Zip Code 77056
City Area Code (832)
Local Phone Number 260-0222
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Entity Emerging Growth Company true
Elected Not To Use the Extended Transition Period false
Common Stock, par value $0.001 per share  
Title of 12(b) Security Common Stock, par value $0.001 per share
Trading Symbol NXL
Security Exchange Name NASDAQ
Warrants, each exercisable for one share of Common Stock  
Title of 12(b) Security Warrants, each exercisable for one share of Common Stock
Trading Symbol NXLIW
Security Exchange Name NASDAQ
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