Nexalin Technology Achieves Key Nasdaq Compliance Milestone
Nexalin Technology Achieves Key Nasdaq Compliance Milestone
HOUSTON, TX – Nexalin Technology, Inc. (the "Company" or "Nexalin") recently announced an important achievement regarding its compliance with Nasdaq’s listing requirements. The Company has received confirmation from The Nasdaq Stock Market that it has successfully regained compliance with the minimum bid price requirement, under Nasdaq Rule 5550(a)(2).
Mark White, the CEO of Nexalin, expressed his sentiments regarding this achievement, stating, "Regaining compliance with Nasdaq's listing requirements is a significant milestone. This accomplishment signifies our ongoing mission to provide transformative, non-invasive neurostimulation treatments to those in need. It not only reflects our commitment to enhancing shareholder value but also boosts our visibility among investors as we advance clinical research and pursue global regulatory approvals. We extend our heartfelt gratitude to our shareholders for their unwavering support as we aim to innovate the treatment landscape for mental health and neurological issues."
Innovative Approaches to Mental Health Solutions
Nexalin Technology is at the forefront of innovation in the neurostimulation industry. The Company develops advanced neurostimulation products designed to aid in tackling the escalating global crisis of mental health. All of Nexalin's products are characterized as non-invasive and undetectable by the human body, specifically targeting relief for individuals suffering from mental health challenges.
Leveraging bioelectronic medical technology, Nexalin remains focused on treating mental health disorders by utilizing neurostimulation medical devices. These devices are engineered to effectively penetrate deep structures in the mid-brain, regions closely related to various mental health disorders. The Company maintains that its next-generation devices, by utilizing deeper-penetrating waveforms, will promote improved patient responses without adverse side effects.
One of its prominent products, the Nexalin Gen-2 15 milliamp neurostimulation device, has achieved approval in international markets including China, Brazil, and Oman.
Commitment to Advancing Neurotechnology
Nexalin has distinguished itself in the neurotechnology sector due to its commitment to securing regulatory approvals worldwide. The Company's ability to navigate complex regulatory environments demonstrates its strategy to address urgent mental health issues globally. As demand for innovative mental health solutions rises, Nexalin is paving the way for non-invasive techniques that are not only effective but also prioritize patient well-being.
Furthermore, the Company's research initiatives are aimed at enhancing its product offerings. By closely monitoring advancements in the field and adapting its technologies accordingly, Nexalin is poised to become a leader in transforming the mental health treatment landscape.
Engaging with Investors and Stakeholders
The reinstatement of compliance with Nasdaq serves as a crucial point in Nexalin’s journey as the Company continues to foster relationships with both investors and stakeholders. The leadership at Nexalin is dedicated to maintaining transparency, actively engaging with shareholders, and communicating developments that influence the Company’s direction.
With a clear focus on improving not only its market standing but also its treatment methodologies, Nexalin Technology equips itself to face the challenges presented in the mental health sector. Their efforts have been recognized as essential contributions to improving lives through innovative treatments.
Frequently Asked Questions
What does regaining Nasdaq compliance mean for Nexalin?
Regaining compliance with Nasdaq means Nexalin can continue trading its shares on the exchange, indicating financial stability and transparency to investors.
How does Nexalin's technology work?
Nexalin's technology utilizes bioelectronic medical devices to deliver neurostimulation therapies aimed at treating mental health disorders without invasive procedures.
Where are Nexalin's devices approved for use?
The Nexalin Gen-2 device has received regulatory approval in China, Brazil, and Oman, expanding its international presence.
What is the significance of their neurostimulation products?
Nexalin’s neurostimulation products are designed to effectively target deep-seated brain structures associated with mental health disorders, potentially enhancing patient responses.
How does Nexalin engage with its shareholders?
Nexalin actively communicates with investors to keep them informed about the company’s progress, initiatives, and compliance status, fostering trust and transparency.
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