Welcome to our dedicated page for Nexalin Tech news (Ticker: NXL), a resource for investors and traders seeking the latest updates and insights on Nexalin Tech stock.
Nexalin Technology, Inc. develops non-invasive neurostimulation products based on Deep Intracranial Frequency Stimulation, or DIFS™, for brain-health and mental-health indications. Company news commonly covers peer-reviewed clinical publications, neuroimaging and biomarker data, and research programs addressing insomnia, depression, traumatic brain injury, PTSD, Alzheimer’s disease, dementia-related cognitive decline and ADHD.
Updates also describe the HALO™ Clarity device, the NeuroCare® virtual clinic platform, collaborations with clinical research and academic organizations, FDA engagement, and capital-market communications tied to its Nasdaq-listed common stock.
Nexalin Technology announced the appointment of Michael Nketiah as Senior Vice President of Quality, Clinical, and Regulatory. Nketiah brings over 23 years of experience in regulatory affairs and clinical operations, specifically with the FDA. His expertise will support the company in accelerating FDA clearance for its Generation 2 and Generation 3 neurostimulation devices, aimed at improving healthcare outcomes for mental and neurodegenerative illnesses. The Gen-2 device is designed to penetrate deeper into the brain using an advanced waveform, while the Gen-3 prototype will utilize a virtual-clinic model for treatment.
Nexalin Technology, Inc. (Nasdaq: NXL; NXLIW) provided a business update emphasizing its advancements in neurostimulation devices aimed at combating mental health disorders. The company is enhancing its Gen-1 device to a more powerful Gen-2 model with a waveform increase from 4 milliamps to 15 milliamps, expected to improve treatment efficacy. Plans for FDA submissions and clinical trials are outlined, including a strategy for addressing Major Depressive Disorder. Additionally, Nexalin reports progress with its devices in China and a recent white paper supporting its technology's effectiveness for anxiety treatment.
Nexalin Technology, Inc. (NXL, NXLIW) announced positive results from a white paper published by the Second Xiangya Hospital, documenting the effectiveness of its tACS device for treating generalized anxiety disorder. The study reported complete disappearance of somatic anxiety symptoms and improved sleep quality in a patient after a 10-day treatment regimen. The benefits persisted for four months, indicating the device's potential in addressing mental health issues without side effects. The company aims to expand its clinical research and treatment applications in the mental health field.
Nexalin Technology, Inc. has successfully closed its initial public offering of 2,315,000 units, each unit comprising one share of common stock and one warrant, at an offering price of $4.15 per unit. This translates to gross proceeds of approximately $9.6 million before expenses. Trading commenced on The Nasdaq Capital Market under the symbols ‘NXL’ for shares and ‘NXLIW’ for warrants on September 16, 2022. The company has also granted underwriters a 45-day overallotment option for additional securities.
Nexalin Technology announced its initial public offering of 2,315,000 units, priced at $4.15 each, aiming to raise approximately $9.6 million. Each unit consists of one common share and one warrant to purchase an additional share at the same price. The units will trade on Nasdaq under the symbols NXL and NXLIW, starting September 20, 2022. Underwriters have a 45-day option for additional shares. The offering is part of Nexalin's strategy to combat mental health issues using its innovative neurostimulation products, including the newly approved Generation 2 device in China.