NXLIW Form 25 Filed — Nasdaq to Remove Listing/Registration
Rhea-AI Filing Summary
Nexalin Technology, Inc. (symbol NXLIW) is the subject of a Form 25 notification filed under the Securities Exchange Act to remove a class of its securities from listing and/or registration on the Nasdaq Stock Market LLC. The filing names the issuer and provides its principal office at 1776 Yorktown, Suite 550, Houston, Texas 77056 and a contact telephone number as listed in the form.
The document duplicates the regulatory checkboxes for rule provisions governing removal and states that Nasdaq certifies it has complied with the applicable procedures to strike or withdraw the class of securities. The form includes the standard OMB approval legend and a note that the Form 25 and attached notice comply with the applicable rules.
Positive
- Nasdaq certified compliance with the procedural rules required to file Form 25
- Issuer identity and contact (address and telephone) are clearly provided in the filing
Negative
- Form 25 notifies removal of a class of Nexalin Technology securities from Nasdaq listing/registration
- Filing lacks key timing details such as the effective delisting date or whether withdrawal was voluntary
Insights
Form 25 indicates Nasdaq moved to remove NXLIW from listing/registration.
The filing shows Nasdaq initiated or processed a notice under the Exchange Act to strike the class of securities for Nexalin Technology, Inc. from the Nasdaq market and affirms procedural compliance with the specified SEC rules governing delisting/withdrawal.
This action is procedural and triggers standard administrative follow‑ups such as public notice and final removal processing; monitor subsequent filings for the effective removal date or any issuer responses.
The document records listing-removal mechanics but contains no financial detail or effective dates.
The form identifies the issuer, exchange, and cites rule provisions but does not state whether the removal was voluntary or due to noncompliance, nor does it provide an effective delisting date or impact on outstanding shares.
Investors and holders should look for follow-on notices or filings that specify the effective date and any transfer of trading to OTC markets; this filing alone does not quantify shareholder effects.