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Meeting showcases the potential role of Nexalin's neurostimulation technology in revolutionizing opioid treatment through virtual care solutions
HOUSTON, TX, Sept. 05, 2024 (GLOBE NEWSWIRE) -- Nexalin Technology, Inc. (Nasdaq: NXL; NXLIW) (the “Company” or “Nexalin”) announced its participation in a high-profile Congressional roundtable in North Carolina, focused on emerging virtual therapeutic options for opioid treatment. The event was hosted by the Breaking Barriers for Substance Use Recovery initiative and featured key stakeholders from across the healthcare and policy spectrum.
The roundtable, held with Dr. Greg Murphy, U.S. Congressman representing North Carolina's 3rd District, centered on the deployment of virtual-based opioid therapy models across the country. Dr. Murphy, Congress’ only actively practicing physician, serves on the Health Subcommittee of the Veterans Affairs Committee and is a strong advocate for innovative healthcare solutions, particularly those aimed at addressing the opioid crisis.
The invitation-only roundtable brought together thought leaders and innovators to discuss the potential of virtual therapies to overcome the stigma and geographic barriers often associated with traditional in-clinic treatment options. Nexalin’s approach to virtual therapeutic solutions, which is expected to play a significant role upon FDA clearance, was highlighted as a promising tool in the fight against opioid addiction.
“Nexalin is honored to participate in this crucial dialogue and to work alongside visionary leaders in the fight against addiction like Congressman Murphy, who has worked tirelessly to address challenges at the VA in service of our veterans,” said Mark White, CEO of Nexalin Technology. “Our mission is to provide effective, accessible treatment options that can reach those in need, regardless of their location. We believe that virtual therapeutic models, combined with our non-invasive neurostimulation technology, have the potential to revolutionize the way opioid addiction is treated across the nation, especially among veterans in rural communities. This meeting continues to build on the success of our Nexalin America division, which is aimed at expanding Nexalin’s efforts within the U.S. Government areas of interest.”
During the discussions, emphasis was placed on establishing stronger practices within the Department of Veterans Affairs (VA) and the Substance Abuse and Mental Health Services Administration (SAMHSA) to encourage the adoption of virtual-based therapies. These therapies, including Nexalin’s cutting-edge neurostimulation technology, aim to provide effective treatment options that can be accessed remotely, expanding the reach and impact of mental health care.
About Nexalin Technology, Inc.Nexalin designs and develops innovative neurostimulation products to uniquely help combat the ongoing global mental health epidemic. All of Nexalin’s products are believed to be non-invasive and undetectable to the human body and are developed to provide relief to those afflicted with mental health issues. Nexalin utilizes bioelectronic medical technology to treat mental health issues. Nexalin believes its neurostimulation medical devices can penetrate structures deep in the mid-brain that are associated with mental health disorders. Nexalin believes the deeper-penetrating waveform in its next-generation devices will generate enhanced patient response without any adverse side effects. The Nexalin Gen-2 15 milliamp neurostimulation device has been approved in China, Brazil, and Oman. Additional information about the Company is available at: https://nexalin.com/.
FORWARD-LOOKING STATEMENTSThis press release contains statements that constitute “forward-looking statements,” These statements relate to future events or Nexalin’s future financial performance. Any statements that refer to expectations, projections or other characterizations of future events or circumstances or that are not statements of historical fact (including without limitation statements to the effect that Nexalin or its management “believes”, “expects”, “anticipates”, “plans”, “intends” and similar expressions) should be considered forward looking statements that involve risks and uncertainties which could cause actual events or Nexalin’s actual results to differ materially from those indicated by the forward-looking statements. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's Report on Form 10-K for the year ended December 31, 2023 and other filings as filed with the Securities and Exchange Commission. Copies of such filings are available on the SEC’s website, www.sec.gov. Such forward-looking statements are made as of the date hereof and may become outdated over time. Such forward-looking statements are made as of the date hereof and may become outdated over time. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Contact:Crescendo Communications, LLCTel: (212) 671-1020Email: NXL@crescendo-ir.com
ORLANDO, FL / ACCESSWIRE / July 26, 2024 / RedChip Companies will air interviews with Nexalin Technology, Inc. (Nasdaq:NXL) and LOBO EV Technologies Ltd. (Nasdaq:LOBO) on the RedChip Small Stocks, Big Money™ show, a sponsored program on Bloomberg TV, this Saturday, July 27, at 7 p.m. Eastern Time (ET). Bloomberg TV is available in an estimated 73 million homes across the U.S.
Access the interviews in their entirety at:
Mark White, CEO of Nexalin, appears on the RedChip Small Stocks Big Money™ show on Bloomberg TV to provide a corporate update. Nexalin stands at the forefront of the mental health treatment revolution with its cutting-edge, non-invasive neurostimulation technology. By focusing on deep brain stimulation, Nexalin's devices, particularly the advanced Gen-3 HALO™ Clarity, offer a groundbreaking alternative to traditional pharmacological treatments. This technology has shown clinically meaningful improvements in treating conditions such as insomnia, PTSD, and traumatic brain injuries-conditions that affect millions but have limited effective treatments-positioning Nexalin as an emerging leader in a market poised for substantial growth, projected to reach $537 billion by 2030.
In an exclusive interview, Harry Schulman, an independent director of LOBO EV, appears on the RedChip Small Stocks Big Money™ show on Bloomberg TV to provide a corporate update. LOBO EV, headquartered in Wuxi, China, is a pioneering OEM and ODM manufacturer and seller of electric vehicles (EVs), including e-bicycles, e-mopeds, e-tricycles, and electric off-highway four-wheeled shuttles, tailored for various demographics, including mobility solutions for the elderly and disabled. Beyond vehicle manufacturing, LOBO EV offers automobile information and entertainment software development services to industry OEMs. The Company has a proven track record of leveraging advanced technologies in connectivity, multimedia, interactive systems, and artificial intelligence to enhance user experience with affordable, convenient, and enjoyable driving solutions. The Chinese e-bike market, currently valued at $16 billion, is forecasted to nearly double, reaching $31.3 billion in the next five years with a compound annual growth rate (CAGR) of 11.76%, according to Research and Markets. LOBO EV's robust financial performance across its key segments, coupled with the vast market opportunities within China's EV industry, position LOBO EV for significant upside.
About Nexalin
Nexalin designs and develops innovative neurostimulation products to uniquely help combat the ongoing global mental health epidemic. All of Nexalin's products are believed to be non-invasive and undetectable to the human body and are developed to provide relief to those afflicted with mental health issues. Nexalin utilizes bioelectronic medical technology to treat mental health issues. Nexalin believes its neurostimulation medical devices can penetrate structures deep in the mid-brain that are associated with mental health disorders. Nexalin believes the deeper-penetrating waveform in its next-generation devices will generate enhanced patient response without any adverse side effects. The Nexalin Gen-2 15 milliamp neurostimulation device has been approved in China, Brazil, and Oman. Additional information about the Company is available at: https://nexalin.com/.
About LOBO EV Technologies Ltd.
LOBO is an innovative designer, developer, manufacturer and seller of e-bicycles, e-mopeds, e-tricycles, and electric off-highway four-wheeled shuttles such as golf carts and mobility scooters for the elderly and disabled persons. LOBO also provides automobile information and entertainment software development and design services to customers. Leveraging its cutting-edge technologies in connectivity, multimedia interactive systems and artificial intelligence, LOBO re-defines and develops its products in order to provide users with convenient, affordable and pleasant driving experiences. For more information, visit: https://loboev.io/.
About RedChip Companies
RedChip Companies, an Inc. 5000 company, is an international investor relations, media, and research firm focused on microcap and small-cap companies. For 32 years, RedChip has delivered concrete, measurable results for its clients. Our newsletter, Small Stocks, Big Money™, is delivered online weekly to 60,000 investors. RedChip has developed the most comprehensive service platform in the industry for microcap and small-cap companies. These services include the following: a worldwide distribution network for its stock research; retail and institutional roadshows in major U.S. cities; outbound marketing to stock brokers, RIAs, institutions, and family offices; a digital media investor relations platform that has generated millions of unique investor views; investor webinars and group calls; a television show, Small Stocks, Big Money™ , which airs weekly on Bloomberg US; TV commercials in local and national markets; corporate and product videos; website design; and traditional investor relation services, which include press release writing, development of investor presentations, quarterly conference call script writing, strategic consulting, capital raising, and more.
To learn more about RedChip's products and services, please visit:https://www.redchip.com/corporate/investor_relations
"Discovering Tomorrow's Blue Chips Today"™
Follow RedChip on LinkedIn: https://www.linkedin.com/company/redchip/ Follow RedChip on Facebook: https://www.facebook.com/RedChipCompanies Follow RedChip on Instagram: https://www.instagram.com/redchipcompanies/ Follow RedChip on Twitter: https://twitter.com/RedChip Follow RedChip on YouTube: https://www.youtube.com/@redchip Follow RedChip on Rumble: https://rumble.com/c/c-3068340
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SOURCE: Red Chip Companies Inc.
View the original press release on accesswire.com‘Breaking Barriers’ Coalition Formed to Address Opioid Use Disorder in the USA
Nexalin CEO Mark White Participates in Inaugural Meeting
HOUSTON, TX, July 18, 2024 (GLOBE NEWSWIRE) -- Nexalin Technology, Inc. (Nasdaq: NXL; NXLIW) (the “Company” or “Nexalin”) today announced that it has been selected to serve as a founding member of Breaking Barriers to Substance Use Recovery, a coalition of major industry participants and preeminent healthcare providers.
Established as a tax-exempt organization, Breaking Barriers to Substance Use Recovery is focused on identifying and dismantling the obstacles to effective treatment for opioid use disorder. Breaking Barriers to Substance Use Recovery brings together bringing together a broad cross section of leaders in the medical and science and technology industries to develop and formulate pioneering and innovative solutions to combat the opioid crisis. The organization also advocates for the adoption of comprehensive policy solutions in support of its critical life-saving objectives and raises public awareness through education campaigns.
Breaking Barriers to Substance Use Recovery is a pioneering 501(c)(4) organization dedicated to identifying and dismantling the obstacles to effective treatment for opioid use disorder through advocacy, especially in veteran and rural communities across the United States, for policy solutions and public educational campaigns that support these critical life-saving objectives.
Nexalin anticipates partnering with the organization in deploying its neurostimulation technologies for the purpose of furthering the objectives of providing an accessible and innovative form of treatment for those in-need and swept up by the current pervasive epidemic. Nexalin also hopes to promote and strengthen the engagement of the organization with U.S. government agencies tasked with addressing the ongoing opioid crisis.
Mark White, CEO of Nexalin, participated in the inaugural founding meeting of Breaking Barriers to Substance Use Recovery, hosted in Washington D.C. at the end of June in 2024.
The organization’s other founding members took part in the meeting, and include:
The meeting featured discussions on the latest research, treatment methodologies, and technological advancements in the field, as well as an in-depth policy analysis of transformational ongoing legislative opportunities that seek to expand access to opioid treatment.
“Today marks a crucial step in our journey to combat opioid addiction,” said Peter Gratale. “Our collective expertise and commitment will drive us to uncover the root causes of barriers to treatment and to promote policies and practices that support recovery and save lives.”
“We are honored to join the Breaking Barriers to Substance Use Recovery initiative to help solve the very important substance use addiction problem affecting over 20 million of people in the U.S. alone,” stated Mark White, CEO of Nexalin Technology. “This partnership signals a growing acknowledgment of the crucial role that our innovative neurostimulation technologies can play to effectively treat patients with mental health diseases in a pain-free and undetectable manner. We look forward to working with fellow players in the healthcare industry to lead the way towards tackling the global opioid epidemic.”
Organization’s Advocacy for Virtual-Based Opioid TreatmentA key focus of Breaking Barriers to Substance Use Recovery includes advocacy for 21st century solutions to the opioid crisis, including an expansion of Virtual-Based Opioid Treatment (VBOT), a tested treatment model that can dramatically combat traditional barriers to treatment. The organization endeavors to create a model utilizing innovative virtual technologies and services, providing more accessible, cost-effective, and comprehensive care options for those struggling with opioid use disorder (OUD), especially veterans and those in rural areas. Breaking Barriers looks to also advocate for emerging technologies and therapeutic techniques that can be coupled with VBOT while harnessing AI and data-driven methodologies that provide new insights into treatment success and compliance.
“VBOT offers a revolutionary approach to overcoming barriers such as geographic limitations and stigma,” said David Reeser, CEO of OpiAID, Inc. “Our goal is to harness these technologies to ensure everyone has access to the help they need, regardless of their circumstances.”
As Breaking Barriers to Substance Use Recovery moves forward, the organization plans to engage nationwide with policymakers, healthcare providers, and community leaders to implement evidence-based solutions and advocate for necessary changes in legislation and healthcare practices.
For more information about Breaking Barriers to Substance Use Recovery and its initiatives, please contact:
Breaking Barriers to Substance Use Recovery12 North 5th Avenue Wilmington, NC 28401Phone: (xxx) xxx-1234 Email: info@nomorebarriers.org Website: [www.nomorebarriers.org]
About Nexalin Technology, Inc.Nexalin designs and develops innovative neurostimulation products to uniquely help combat the ongoing global mental health epidemic. All of Nexalin’s products are believed to be non-invasive and undetectable to the human body and are developed to provide relief to those afflicted with mental health issues. Nexalin utilizes bioelectronic medical technology to treat mental health issues. Nexalin believes its neurostimulation medical devices can penetrate structures deep in the mid-brain that are associated with mental health disorders. Nexalin believes the deeper-penetrating waveform in its next-generation devices will generate enhanced patient response without any adverse side effects. The Nexalin Gen-2 15 milliamp neurostimulation device has been approved in China, Brazil, and Oman. Additional information about the Company is available at: https://nexalin.com/.
FORWARD-LOOKING STATEMENTSThis press release contains statements that constitute “forward-looking statements,” These statements relate to future events or Nexalin’s future financial performance. Any statements that refer to expectations, projections or other characterizations of future events or circumstances or that are not statements of historical fact (including without limitation statements to the effect that Nexalin or its management “believes”, “expects”, “anticipates”, “plans”, “intends” and similar expressions) should be considered forward looking statements that involve risks and uncertainties which could cause actual events or Nexalin’s actual results to differ materially from those indicated by the forward-looking statements. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's Report on Form 10-K for the year ended December 31, 2023 and other filings as filed with the Securities and Exchange Commission. Copies of such filings are available on the SEC’s website, www.sec.gov. Such forward-looking statements are made as of the date hereof and may become outdated over time. Such forward-looking statements are made as of the date hereof and may become outdated over time. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Contact:Crescendo Communications, LLCTel: (212) 671-1020Email: NXL@crescendo-ir.com
HOUSTON, TX, July 01, 2024 (GLOBE NEWSWIRE) -- Nexalin Technology, Inc. (Nasdaq: NXL; NXLIW) (the “Company” or “Nexalin”) today announced the closing of its previously announced public offering of 3,000,000 shares of common stock at public offering price of $1.75. Gross proceeds, before deducting placement agent fees and other offering expenses were approximately $5,250,000.
Maxim Group LLC acted as the sole placement agent for the offering.
The securities described above were offered pursuant to a registration statement on Form S-1, as amended (File No. 333-279684) (the “Registration Statement”), which was declared effective by the Securities and Exchange Commission (the "SEC") on June 27, 2024. The offering was made only by means of a prospectus which is a part of the Registration Statement. A final prospectus relating to the offering was filed with the SEC on June 28, 2024. Copies of the final prospectus relating to this offering may be obtained from Maxim Group LLC, 300 Park Avenue, 16th Floor, New York, NY 10022, at (212) 895-3745.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.
About Nexalin Technology, Inc.Nexalin designs and develops innovative neurostimulation products to uniquely help combat the ongoing global mental health epidemic. All Nexalin’s products are believed to be non-invasive and undetectable to the human body and are developed to provide relief to those afflicted with mental health issues. Nexalin utilizes bioelectronic medical technology to treat mental health issues. Nexalin believes its neurostimulation medical devices can penetrate structures deep in the mid-brain that are associated with mental health disorders. Nexalin believes the deeper-penetrating waveform in its next-generation devices will generate enhanced patient response without any adverse side effects. The Nexalin Gen-2 15 milliamp neurostimulation device has been approved in China, Brazil, and Oman. Additional information about the Company is available at: https://nexalin.com/.
FORWARD-LOOKING STATEMENTSThis press release contains statements that constitute "forward-looking statements," these statements relate to future events or Nexalin’s future financial performance. Any statements that refer to expectations, projections or other characterizations of future events or circumstances or that are not statements of historical fact (including without limitation statements to the effect that Nexalin or its management “believes”, “expects”, “anticipates”, “plans”, “intends” and similar expressions) should be considered forward looking statements that involve risks and uncertainties which could cause actual events or Nexalin’s actual results to differ materially from those indicated by the forward-looking statements. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Registration Statement and the Company's Report on Form 10-K for the year ended December 31, 2023 and other filings as filed with the Securities and Exchange Commission. Copies of such filings are available on the SEC's website, www.sec.gov. Such forward-looking statements are made as of the date hereof and may become outdated over time. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Contact: Crescendo Communications, LLC Tel: (212) 671-1020 Email: NXL@crescendo-ir.com
Each trading day features hundreds of headlines and press releases on Benzinga Pro, a source for traders to see the latest news on the overall market and individual tickers.
Here is a look at the most-searched stocks on Benzinga Pro during the month of June. Current prices and year-to-date performances are based on June 30 and do not include dividends. April search results were not tracked.
Read Also: Nvidia Stock Split: What Investors Need To Know, What Past History Shows, What’s Next For Chip Giant
6. MicroAlgo Inc M
Honorable Mentions: The following stocks were the 11th to 20th most-searched tickers on Benzinga Pro in June 2024:
15. AMC Entertainment Holdings
17. Longeveron Inc L
Why It's Important: Nvidia regained the top spot for the most searched ticker after falling to second place in May. The stock, which has soared in value over the last year, has been the most searched ticker in three of the five months tracked by Benzinga Pro. Nvidia briefly became the most valuable company in the world during the month of June.
GameStop continued its surge in interest in the month of June, hitting second place. The stock was not among the top 20 most searched tickers in each of January, February and March. In May, the stock hit third place with the return of Roaring Kitty, aka Keith Gill, on social media, kicking off increased attention for the video game retailer and other meme stocks.
Super Micro Computer rejoined the top 10 list after falling to 14th in May. The stock has ranked in the top 11 in four of the five months tracked.
Micron Technology ranked seventh for the month, which marks a high for 2024 with a ranking in the top 20 only witnessed in one other month.
Stocks that fell out of the top 10 from May include AMC and Palantir, which remained in the top 15 most searched tickers. Faraday Future dropped out of the top 20 most searched tickers after ranking fifth in the month of May.
One of the biggest surprises may be the two newcomers to the top 10. MicroAlgo ranked sixth for the month with a 786% gain during the month. The stock has not ranked in the top 20 in any other month in 2024.
Actelis Networks ranked eighth for the month with shares gaining over 390%. The stock has not ranked in the top 20 in any other tracked month in 2024.
Ranking right outside the top 20 was Trump Media & Technology at 21st. The social media company, which was co-founded by former President Donald Trump has seen high levels of volatility related to the 2024 election and major news items for the former president.
Read Next:
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