Nexalin Technology Holds Shareholder Vote
Ticker: NXL · Form: 8-K · Filed: Mar 20, 2024 · CIK: 1527352
Sentiment: neutral
Topics: shareholder-meeting, corporate-governance
TL;DR
Nexalin Tech held a shareholder meeting on 3/7 for votes. Details TBD.
AI Summary
Nexalin Technology, Inc. filed an 8-K on March 20, 2024, reporting a shareholder meeting held on March 7, 2024. The primary purpose of the meeting was for security holders to vote on matters presented by the company. Specific details regarding the proposals voted upon or the outcomes were not detailed in this filing.
Why It Matters
This filing indicates a formal shareholder engagement event, which can signal significant corporate decisions or governance activities are underway.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of a shareholder meeting and does not contain immediate financial or operational risks.
Key Players & Entities
- Nexalin Technology, Inc. (company) — Registrant
- March 7, 2024 (date) — Date of earliest event reported
- March 20, 2024 (date) — Date of report
- Delaware (jurisdiction) — State of incorporation
- 1776 Yorktown, Suite 550 Houston, TX 77056 (address) — Business and mailing address
FAQ
What was the specific date of the shareholder meeting?
The earliest event reported, the shareholder meeting, was held on March 7, 2024.
What is the company's full legal name?
The company's full legal name is Nexalin Technology, Inc.
In which state was Nexalin Technology, Inc. incorporated?
Nexalin Technology, Inc. was incorporated in Delaware.
What is the company's primary business address?
The company's business address is 1776 Yorktown, Suite 550, Houston, TX 77056.
What type of SEC filing is this?
This is a Form 8-K, a Current Report.
Filing Stats: 575 words · 2 min read · ~2 pages · Grade level 12.5 · Accepted 2024-03-20 16:30:58
Key Financial Figures
- $0.001 — ch registered Common Stock, par value $0.001 per share NXL The Nasdaq Stock Mark
Filing Documents
- nexalintech_8k.htm (8-K) — 40KB
- 0001829126-24-001749.txt ( ) — 254KB
- nxl-20240307.xsd (EX-101.SCH) — 4KB
- nxl-20240307_def.xml (EX-101.DEF) — 26KB
- nxl-20240307_lab.xml (EX-101.LAB) — 36KB
- nxl-20240307_pre.xml (EX-101.PRE) — 25KB
- nexalintech_8k_htm.xml (XML) — 6KB
From the Filing
UNITED 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): March 7, 2024 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 5.07 Submission of Maters to a Vote of Security Holders. A special meeting (the "Special Meeting") of the stockholders of Nexalin Technology, Inc. (the "Company") was convened at 10:00 a.m. Eastern time on March 7, 2024. Of the 7,436,362 shares of the Company's common stock, par value $0.001 per share (the "common stock"), outstanding at the close of business on January 17, 2024, the record date for the Special Meeting, 4,587,248 shares of common stock were present or represented by proxy at the Special Meeting. At the Special Meeting, the Company's stockholders voted on the two proposals described below. The final voting results for each proposal are set forth below. Proposal One: Approval of an amendment to the Company's Certificate of Incorporation, as amended to date (the " Reverse Stock Split Amendment "), to effect a reverse stock split of the Company's common stock and give the Company's Board of Directors the authority to determine whether filing such Reverse Stock Split Amendment is necessary and, if so, the ratio of such split: For Against Abstained 4,304,448 259,736 23,064 Proposal Two: Approval of the adjournment of the Special Meeting to a later date or dates, if necessary or appropriate, to solicit additional proxies if there are insufficient votes to adopt Proposal 1: For Against Abstained 4,442,221 112,047 32,980 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: March 20, 2024 2