false 0001527352 0001527352 2025-02-03 2025-02-03 0001527352 nxl:CommonStockParValue0.001PerShareMember 2025-02-03 2025-02-03 0001527352 nxl:WarrantsEachExercisableForOneShareOfCommonStockMember 2025-02-03 2025-02-03 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): February 3, 2025

 

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 8.01. Other Events.

 

On February 3, 2025, the Registration Statement on Form S-1 (the “Registration Statement”) filed by Nexalin Technology, Inc. (the “Company”) was declared effective by the Securities and Exchange Commission. The Registration Statement covers up to 2,798,613 shares of the Company’s common stock, consisting of (i) up to 347,250 Shares issuable upon the exercise of the common stock purchase warrant that was issued to Maxim Partners, LLC (“Maxim Partners”) as compensation for its services in connection with the Company’s 2022 initial public offering; (ii) up to 2,315,000 Shares issuable upon the exercise of the common stock purchase warrants issued to purchasers of Units (containing both a share of common stock and a common stock purchase warrant) in connection the Company’s 2022 public offering; and (iii) 136,363 shares of common stock issued to Maxim Partners pursuant to a renewal of its engagement agreement with the Company. All warrants are exercisable at a price of $4.15 per share of the Company’s common stock.

 

Item 9.01. Financial Statements and Exhibits.

 

(d) Exhibits.

 

Exhibit   Description
104   Cover Page Interactive File (the cover page tags are embedded within the Inline XBRL document)

 

 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: February 6, 2025

 

 2 
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Cover
Feb. 03, 2025
Document Type 8-K
Amendment Flag false
Document Period End Date Feb. 03, 2025
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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