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Nexalin Technology Announces Closing of Previously Announced $5.0 Million Underwritten Public Offering

Provided By GlobeNewswire

Last update: May 6, 2025

HOUSTON, May 06, 2025 (GLOBE NEWSWIRE) --  Nexalin Technology, Inc. (Nasdaq: NXL; NXLIW) (the “Company” or “Nexalin”), the leader in Deep Intracranial Frequency Stimulation (DIFS™) of the brain, today announced the closing of its previously announced underwritten public offering of 3,850,000 shares of its common stock at a public offering price of $1.30 per share. The gross proceeds from the offering to Nexalin were approximately $5.0 million, before deducting underwriting discounts and commissions and other offering expenses.

Read more at globenewswire.com

NEXALIN TECHNOLOGY INC

NASDAQ:NXL (7/28/2025, 8:00:02 PM)

1.13

-0.03 (-2.59%)


NEXALIN TECHNOLOGY INC- 27

NASDAQ:NXLIW (7/28/2025, 8:00:02 PM)

0.0455

-0.02 (-33.09%)



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