Extracted from this filing and checked against the source text.
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
NEXGEL, INC. completed an acquisition involving Olympus Trading Company, LLC for $546,500 plus Earn-Out Payments (closed 2023-12-01).
- Action
- acquisition
- Counterparty
- Olympus Trading Company, LLC
- Consideration
- $546,500 plus Earn-Out Payments
- Closing
- 2023-12-01
Exact text from the filing
tradename “Kenkoderm” (collectively, the “ Business ”). Under the terms of the Purchase Agreement and on the Closing Date, the Company paid the Seller a cash payment of $546,500 (the “ Initial Cash Payment ”). The Initial Cash Payment is not subject to any escrow conditions. Additionally, the Company shall pay the Seller a cash earn-out paid on a
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
NEXGEL, INC. entered into Purchase Agreement with Olympus Trading Company, LLC valued at $546,500 (effective 2023-11-30).
- Action
- entry
- Agreement
- asset purchase
- Counterparty
- Olympus Trading Company, LLC
- Value
- $546,500
- Effective
- 2023-11-30
Exact text from the filing
On December 1, 2023 (the “ Closing Date ”), NexGel, Inc., a Delaware corporation (the “ Company ”) closed a transaction related to an Asset Purchase Agreement dated November 30, 2023 (the “ Purchase Agreement ”) with Olympus Trading Company, LLC, a Virginia limited liability company (the “ Seller ”), whereby the Company purchased all assets related to the Seller’s skincare line
View on SEC.gov