---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-043659"
form_type: "8-K"
ticker: "NXGL"
cik: "0001468929"
company_name: "NEXGEL, INC."
filed_at: "2023-12-05T23:59:59+00:00"
generated_at: "2026-06-07T17:55:45.873349+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# NexGel acquires Kenkoderm psoriasis skincare line for $546,500 initial cash plus earn-out

## Summary
- Initial cash payment of $546,500; earn-out up to additional $546,500 based on 2024 performance.
- Kenkoderm is profitable for trailing twelve months and expected to be immediately accretive to NXGL.
- Deal includes 3-year non-compete from Seller; Kenkoderm has 6 SKUs sold via e-commerce and Amazon.
- Acquisition closed December 1, 2023; no shareholder approval required.

## SEC filing metadata
- accession: 0001493152-23-043659
- form_type: 8-K
- ticker: NXGL
- cik: 0001468929
- company_name: NEXGEL, INC.
- filed_at: 2023-12-05T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1468929/000149315223043659/0001493152-23-043659-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1468929/000149315223043659/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-043659
- JSON: https://secwatch.observer/filing/0001493152-23-043659.json
- Plain text: https://secwatch.observer/filing/0001493152-23-043659.txt

## Key facts
- M&A Transactions
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1468929/000149315223043659/0001493152-23-043659-index.htm
- Material Agreements
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1468929/000149315223043659/0001493152-23-043659-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.