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Nexalin Technology Priced, Nasdaq: NXL

Developing non-invasive neurostimulation devices for various disorders.

Industry: Health Care

Latest Trade: $2.81 +0.10 (+3.9%)

First Day Return: -45.8%

Return from IPO: -34.7%

Industry: Health Care

We design and develop innovative neurostimulation products to uniquely and effectively help combat the ongoing global mental health epidemic. We have developed an easy-to-administer medical device -- referred to as Generation 1 or Gen-1 -- that utilizes bioelectronic medical technology to treat anxiety and insomnia, without the need for drugs or psychotherapy. This device emits our original waveform at 4 milliamps during treatment and is classified by the FDA as a Class II device. We have also already begun designing and developing new advanced waveform technology to be emitted at 15 milliamps through our existing medical device improved with a modern enclosure -- referred to as Generation 2 or Gen-2 -- which can penetrate deeper into the brain and the associated structures of mental illness, which we believe will generate enhanced patient response. Gen-2 is presently being tested in clinical trials, for anxiety, insomnia and depression in the United States and China, and preliminary data provided by the University of California San Diego supports the safety of utilizing our waveform technology at an increased power. All our products are non-invasive and undetectable and, critically, can provide relief to those afflicted with mental health issues without adverse side effects.
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IPO Data
IPO File Date 01/04/2022
Offer Price $4.15
Price Range $6.00 - $7.00
Offer Shares (mm) 2.3
Deal Size ($mm) $10
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 09/15/2022
Offer Price $4.15
Price Range $6.00 - $7.00
Offer Shares (mm) 2.3
Deal Size ($mm) $10
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Maxim Group LLC
Company Data
Headquarters Houston, TX, United States
Founded 2010
Employees at IPO 3
Website www.nexalin.com

Nexalin Technology (NXL) Performance