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UNITED STATES
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):
June 16, 2026
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, Texas
|
|
77056 |
| (Address of principal executive offices) |
|
(Zip Code) |
Registrant’s telephone
number, including area code: (832) 260-0222
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 |
|
Name of each exchange on which registered |
| Common Stock, par value $0.001 per share |
|
NXL |
|
The Nasdaq Capital Market |
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
5.03. | Amendments
to Articles of Incorporation or Bylaws; Change in Fiscal Year. |
On
June 16, 2026, the Board of Directors (the “Board”) of Nexalin Technology,
Inc. (the “Company”) adopted the Company’s Second Amended and Restated
Bylaws (as so amended and restated, the “Second Amended and Restated Bylaws”),
which became effective immediately upon adoption. The Second Amended and Restated Bylaws amend and restate the Company’s Amended
and Restated Bylaws, as previously in effect (the “Prior Bylaws”).
The
Second Amended and Restated Bylaws include, among other things, amendments that revise the advance notice procedures for stockholder
director nominations and other stockholder business, including to address Rule 14a-19 under the Securities Exchange Act of 1934, as amended,
timing requirements and limits on the number of stockholder nominees; and modify the procedures for stockholder nominations at special
meetings, including to address Rule 14a-19 and to clarify that such procedures are the exclusive means for stockholder nominations at
special meetings.
The
Second Amended and Restated Bylaws also revise provisions regarding notices and waivers of notice for stockholder meetings, voting standards
for stockholder action, adjournments, recesses and postponements of stockholder meetings, and the list of stockholders entitled to vote
at stockholder meetings. In addition, the Second Amended and Restated Bylaws lower the quorum standard for stockholder meetings from
a majority of the voting power of outstanding shares to one-third of the voting power of outstanding shares. The Second Amended and Restated
Bylaws further replace the Prior Bylaws’ prohibition on stockholder action by written consent or electronic transmission with procedures
for stockholder action by consent without a meeting, including procedures relating to record dates, requests to fix record dates and
review of consents and revocations by independent inspectors of election.
In
addition, the Second Amended and Restated Bylaws revise provisions relating to the Board, including provisions addressing the single-class
Board structure, director terms, vacancies, future-effective resignations, director removal, Board meeting procedures and the organization
of Board meetings. The Second Amended and Restated Bylaws also update provisions regarding the Company’s officers, stock certificates
and uncertificated shares, lost certificates, transfers of stock and record dates.
The
Second Amended and Restated Bylaws further amend and restate the indemnification and advancement provisions applicable to directors and
executive officers, update the notice provisions to conform to Section 232 of the Delaware General Corporation Law, revise the amendment
provision to clarify the Board’s authority to adopt, amend or repeal the Second Amended and Restated Bylaws unless otherwise provided
by the Company’s certificate of incorporation, and make various other technical, conforming, clarifying and administrative changes.
The
Second Amended and Restated Bylaws also add a forum selection provision providing that, unless the Company consents in writing to the
selection of an alternative forum, the Court of Chancery of the State of Delaware (or, if such court does not have subject matter jurisdiction,
the federal district court of the State of Delaware) will be the exclusive forum for certain internal corporate claims, including derivative
actions, claims for breach of fiduciary duty, claims arising under the Delaware General Corporation Law, the Company’s certificate
of incorporation or bylaws, and claims governed by the internal affairs doctrine, and that the federal district courts of the United
States will be the exclusive forum for claims arising under the Securities Act of 1933, as amended; provided that the forum selection
provision does not apply to claims arising under the Securities Exchange Act of 1934, as amended.
The
foregoing summary of the amendments effected by the Second Amended and Restated Bylaws does not purport to be complete and is qualified
in its entirety by reference to the full text of the Second Amended and Restated Bylaws, a copy of which is filed as Exhibit
3.1 to this Current Report on Form 8-K and incorporated herein by reference.
| Item 9.01 |
Financial Statements and Exhibits. |
| Exhibit No. |
|
Description |
| 3.1 |
|
Second Amended and Restated Bylaws of Nexalin Technology, Inc. |
| 104 |
|
Cover Page Interactive Data File (embedded within the Inline XBRL document). |
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly
authorized.
| Date: June 17, 2026 |
NEXALIN TECHNOLOGY, INC. |
| |
|
| |
/s/ Mark White |
| |
Mark White |
| |
Chief Executive Officer |
