03:20 PM EDT, 07/17/2024 (MT Newswires) -- Nexalin Technology ( NXL ) said in a late Tuesday filing that it has regained compliance with Nasdaq's stockholders' equity requirement for continued listing after completing a public offering of 3 million shares for gross proceeds of nearly $5.3 million.

Nasdaq will continue to monitor the company's compliance status, Nexalin ( NXL ) said.

The company previously reported equity of $2.3 million, below the $2.5 million minimum Nasdaq requirement.

The company's shares fell 3.9% in recent Wednesday trading.

Price: 1.37, Change: -0.06, Percent Change: -3.92