Material Event (Form 8-K)

On September 30, 2026, Nexalin Technology, Inc. (the "Company") received formal notification from The Nasdaq Stock Market LLC ("Nasdaq") confirming that the Company has regained compliance with Nasdaq Listing Rule 5550(a)(2), which requires issuers listed on The Nasdaq Capital Market to maintain a closing bid price of at least $1.00 per share (the "Minimum Bid Price Requirement").

As previously reported in the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission on September 28, 2026, on September 25, 2026, the Company received a written notification (the "Notice") from the Hearings Panel of the Nasdaq (the "Panel") granting the Company's request for continued listing on Nasdaq, subject to the conditions that (1) on or before September 28, 2026, the Company shall demonstrate compliance with the Minimum Bid Price Requirement and (2) on or before January 4, 2027, the Company shall demonstrate compliance with the minimum stockholders' equity requirement of $2,500,000 for continued listing on The Nasdaq Capital Market under Nasdaq Listing Rule 5550(b)(1) (the "Stockholders' Equity Requirement").

The Company intends to take all steps necessary to satisfy the Stockholders' Equity Requirement on or before January 4, 2027, as required by the Notice, and the Company's common stock will continue to be listed and traded on The Nasdaq Capital Market during the exception period granted by the Panel, subject to the Company's compliance with the terms of the Notice. There can be no assurance, however, that the Company will be able to demonstrate compliance with the Stockholders' Equity Requirement by January 4, 2027, or that the Company will otherwise maintain compliance with the Minimum Bid Price Requirement or the other applicable Nasdaq continued listing requirements. If the Company fails to demonstrate compliance with the Stockholders' Equity Requirement on or before January 4, 2027, or otherwise fails to comply with the terms of the Notice, the Company's common stock will be subject to delisting from Nasdaq.