Nexalin Technology Inc.

Nexalin Technology, Inc. announced that its board of directors has approved a 1-for-30 reverse stock split of its common stock to ensure continued compliance with the Nasdaq bid-price rule. The split will become effective on August 28, 2026, at 5:00 pm Eastern Time, and the company's shares are expected to begin trading on a split-adjusted basis on The Nasdaq Capital Market under the ticker symbol "NXL" on August 31, 2026. Every 30 shares of issued and outstanding common stock will be combined into one share, with the par value remaining unchanged at $0.001 per share. No fractional shares will be issued; stockholders entitled to a fractional share will receive a proportional cash payment. Continental Stock Transfer & Trust Co. will serve as the exchange agent, and stockholders holding shares in book-entry or street name will have their positions automatically adjusted.