Nexalin Technology announces 1-for-30 reverse stock split
NXL•Timing and trading changes
The split takes effect Aug. 28 at 5:00 p.m. ET. Shares are expected to start trading on a split-adjusted basis Aug. 31 under NXL.
The company said the par value will remain $0.001 and post-split shares will carry the new CUSIP 65345B300.
Reverse stock split details
Nexalin Technology will execute a 1-for-30 reverse stock split to support compliance with Nasdaq’s minimum bid-price rule.
Each 30 outstanding shares will be consolidated into 1 share; fractional shares will be cashed out.
