Nexalin Acquires PONM to Enhance Digital Health Platform

Written by Emily J. Thompson, Senior Investment Analyst

Source: Newsfilter

Updated: May 19 2026

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NXL+4.45%

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Source: Newsfilter

Acquisition Completed: Nexalin Technology has finalized its acquisition of PONM, Inc. for a total consideration of $1.3 million, structured as stock payments tied to Nexalin's market performance, thereby enhancing the company's control in the digital health sector.
Technological Integration Benefits: The acquisition grants Nexalin exclusive licensing of PONM's proprietary software features, including AI-integrated remote monitoring and clinical data analytics, which significantly improve the implementation efficiency and clinical research capabilities of the HALO™ Clarity program.
Clinical Trial Preparations: The Nexalin NeuroCare™ virtual clinic has been deployed at UC San Diego to support the upcoming FDA pivotal trial involving 160 participants, with recruitment expected to begin in Q2 2026, thereby positioning Nexalin for regulatory success.
Strategic Partnership: GreenLight Ventures has become a significant equity holder in Nexalin, establishing a strategic partnership that ensures long-term success for the HALO™ Clarity and Nexalin NeuroCare™ programs.

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About NXL

Nexalin Technology, Inc. is a medical device company. It engaged in design and development of neurostimulation products for mental health epidemics. It has developed an easy-to-administer medical device (Generation 1 or Gen-1) that utilizes bioelectronic medical technology to treat anxiety, depression and insomnia, without the need for drugs or psychotherapy. Its original Gen-1 devices are cranial electrotherapy stimulation (CES) devices that emit a waveform at 4 milliamps during treatment. It has designed and developed a new advanced waveform technology to be emitted at 15 milliamps through new and improved medical devices referred to as (Generation 2 or Gen-2) and (Gen-3). Gen-2 is a clinical use device with a modern enclosure to emit the new 15 milliamp advanced waveform. Gen-3 is a new patient headset that will be prescribed by licensed medical professionals in a virtual clinic setting like existing telehealth platforms. It also operates PONM, which is a digital health platform.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

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U.S. Congress Supports Nexalin's Neurostimulation Research for Veterans

May 21 2026Newsfilter

Congressional Support: The U.S. House Appropriations Committee's report language directs the VA to support research on non-invasive deep brain neurostimulation technologies, highlighting recognition of Nexalin's technology and potentially opening up more funding and market opportunities for the company.
Funding Details: The bill allocates $945 million for VA Medical Research, emphasizing the importance of addressing traumatic brain injury (TBI) and mental health, with Nexalin's DIFS™ technology likely to benefit from this funding.
Technology Distinction: The new report language clearly differentiates traditional stimulation devices from Nexalin's DIFS™ waveform, indicating Nexalin's unique position in the non-invasive neurostimulation field, which may facilitate its adoption in veteran healthcare.
Clinical Research Advancement: Nexalin is accelerating its clinical research on DIFS™ technology at UC San Diego, aimed at gathering data to support its efficacy in treating TBI and PTSD, further solidifying its leadership position in the market.

Nexalin Acquires PONM to Enhance HALO Clarity

May 19 2026NASDAQ.COM

Acquisition Overview: Nexalin Technology Inc. has acquired PONM Inc. for $1.3 million, with payment structured in tranches of Nexalin common stock, aiming to integrate AI-enabled remote monitoring and electronic health record functionalities to enhance the overall efficacy of the HALO Clarity program.
Platform Deployment and Application: The PONM platform is already deployed at the University of California, San Diego, supporting HALO headset usage tracking and clinical research workflows, which enhances physician oversight and treatment compliance, and is expected to provide robust support for future clinical trials.
Strategic Partnership: GreenLight Ventures has become a significant equity holder in Nexalin and established a strategic partnership to provide ongoing product, engineering, regulatory, and commercial support, ensuring the long-term success of HALO Clarity and its broader neurostimulation platform.
Market Performance and Outlook: NXL's stock has traded between $0.31 and $2.00 over the past year, and despite a recent decline of 5.26%, the integrated platform is expected to enhance Nexalin's competitiveness and market share in the neurostimulation sector.