Nexalin Technology stock slides on pricing stock offering to raise $5.2 million

  • Nexalin Technology (NASDAQ:NXL) announces the pricing of a public offering of 3 million shares of common stock at $1.75.
  • The gross proceeds from the offering are expected to be approximately $5.25 million.
  • The offering is expected to close on July 1, 2024.
  • NXL stock fell 3.1% to $2.87 after-hours on Thursday.