Company Overview - Nexalin Technology, Inc. designs and develops innovative neurostimulation products aimed at addressing the global mental health epidemic, utilizing bioelectronic medical technology to treat mental health issues [4]. Public Offering Details - The company announced a public offering of 3,000,000 shares of common stock at a public offering price of $1.75, expecting gross proceeds of approximately $5,250,000 before deducting fees and expenses [3][6]. Product Information - Nexalin's neurostimulation devices are designed to be non-invasive and undetectable, targeting deep structures in the mid-brain associated with mental health disorders. The next-generation devices are believed to enhance patient response without adverse side effects [4]. Regulatory and Compliance - The offering is conducted under a registration statement on Form S-1, which was declared effective by the SEC on June 27, 2024, and the final prospectus will be filed with the SEC [8].

HOUSTON, June 26, 2024 (GLOBE NEWSWIRE) -- Nexalin Technology, Inc. (NASDAQ:NXL, NXLIW))) (the "Company" or "Nexalin") today announced positive results of a clinical study designed to evaluate the feasibility, safety, and efficacy of transcranial alternating current dynamic frequency stimulation (tACS) as an add-on treatment for the symptoms of major depressive disorder (MDD), also known as clinical depression, a mental health condition that affects mood, behavior, appetite, and sleep. The results of the st ...

The Gen-2 and Gen-3 medical device reflects the state-of-the-art development of Nexalin's Deep Intracranial Frequency Stimulation (DIFS®) technology, and a significant advancement to the predecessor Gen-1 system. The Company's new neuro-technology marks a digital breakthrough in electrical waveforms to provide a deep undetectable non-invasive brain stimulation technique that is designed to be safe, risk-free and highly effective. The Gen-2 and Gen-3 stimulation technique relies on the placement of strategic ...

This press release contains statements that constitute "forward-looking statements," These statements relate to future events or Nexalin's future financial performance. Any statements that refer to expectations, projections or other characterizations of future events or circumstances or that are not statements of historical fact (including without limitation statements to the effect that Nexalin or its management "believes", "expects", "anticipates", "plans", "intends" and similar expressions) should be con ...

"Brazil is an important market as it represents the 9th largest economy in the world with a population in excess of 215 million. Among this population, more than 35 million are afflicted with mental health disorders. Moreover, this approval is an important springboard into other markets within South America. We are rapidly advancing discussions with a key distributor in this market and look forward to providing further updates." Recent NXL Stock Movement Following this news, shares of NXL stock jumped 121% ...

Mark White, CEO of Nexalin Technology, stated, "We are pleased to announce approval to sell our Gen-2 neurostimulation device in Brazil, which represents our second regulatory approval outside of China since the start of this year. Brazil is an important market as it represents the 9th largest economy in the world with a population in excess of 215 million. Among this population, more than 35 million are afflicted with mental health disorders. Moreover, this approval is an important springboard into other m ...

HOUSTON, TX, June 13, 2024 (GLOBE NEWSWIRE) -- Nexalin Technology, Inc. (the "Company" or "Nexalin") (NASDAQ:NXL, NXLIW))) today announced that its second generation (Gen-2), 15 milliamp (mA) neurostimulation device has been granted regulatory approval by the Brazilian Health Regulatory Agency, a regulatory body of the Brazilian government responsible for approving new drugs and medical devices. About Nexalin Technology, Inc. FORWARD-LOOKING STATEMENTS Contact: Crescendo Communications, LLC Tel: (212) 671-1 ...

HOUSTON, TX, June 04, 2024 (GLOBE NEWSWIRE) -- Nexalin Technology, Inc. (the "Company" or "Nexalin") (Nasdaq: NXL; NXLIW) announced today that it will be participating in the Spring MicroCap Rodeo Conference, that will be held on Thursday, June 6, 2024 in New York City. Mark White, Chief Executive Officer of Nexalin is scheduled to present at 10:00 a.m. Eastern Time on Thursday, June 6th. The presentation will be webcast live and available at https://www.webcaster4.com/Webcast/Page/3045/50684 as well as on ...

HOUSTON, TX, June 04, 2024 (GLOBE NEWSWIRE) -- Nexalin Technology, Inc. (the "Company" or "Nexalin") (Nasdaq: NXL; NXLIW) announced today that it will be participating in the Spring MicroCap Rodeo Conference, that will be held on Thursday, June 6, 2024 in New York City. Mark White, Chief Executive Officer of Nexalin is scheduled to present at 10:00 a.m. Eastern Time on Thursday, June 6th. The presentation will be webcast live and available at https://www.webcaster4.com/Webcast/Page/3045/50684 as well as on ...

HOUSTON, TX, June 03, 2024 (GLOBE NEWSWIRE) -- Nexalin Technology, Inc. (the "Company" or "Nexalin") (NASDAQ:NXL, NXLIW))) announces that the U.S. Food and Drug Administration (FDA) has provided feedback and reached consensus on the design for its planned clinical studies in anxiety and insomnia for its new Gen-3 HALO Clarity™ ("HALO"), a non-invasive, Deep Intracranial Frequency Stimulation (DIFS™) headset device designed to address the global mental health epidemic. After the studies are completed and eva ...