Nexalin Sets 1-for-30 Reverse Split Effective Aug 28 to Regain Nasdaq Compliance
NXL is trading near its 52-week low of $0.295 (20% below the low).
Summary
Nexalin Technology finalized a 1-for-30 reverse stock split effective August 28, 2026, to regain compliance with Nasdaq's $1.00 minimum bid price rule. Trading on a split-adjusted basis begins August 31, 2026.
Key Events · Corporate Governance and Compliance · NXL
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1-for-30 Reverse Split Finalized
The board set the exact ratio at 1-for-30, effective August 28, 2026 at 5:00 p.m. ET. Every 30 shares will combine into one share.
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Nasdaq Compliance Effort
The split is designed to lift the stock price above the $1.00 minimum bid requirement. Nexalin received delisting notices in July and August 2026 for bid-price and stockholders' equity deficiencies.
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Trading Timeline
Split-adjusted trading begins August 31, 2026 at market open under ticker NXL. New CUSIP is 65345B300.
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Fractional Share Cash-Out
No fractional shares will be issued. Holders entitled to a fraction will receive cash based on the August 28 closing price, adjusted for the split.
Analysis · NXL · Industrial Applications And Services
The board has finalized the previously approved reverse stock split at a 1-for-30 ratio, effective August 28, 2026. This concrete step is designed to lift the stock price above Nasdaq's $1.00 minimum bid requirement and avoid delisting. Since July, the company has faced delisting pressure, and this action directly addresses the bid-price deficiency. While the split does not change the company's underlying value or cash position, it reduces the share count and mechanically raises the per-share price.
How filings like this one have moved
In the 30 days to Sep 10, 2026, 30.1% of the 2014 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.11%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, NXL was trading at $0.24 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $7.3M. The 52-week trading range was $0.30 to $2.00. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.