---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-007399"
form_type: "8-K"
ticker: "NXGL"
cik: "0001468929"
company_name: "NEXGEL, INC."
filed_at: "2024-02-21T23:59:59+00:00"
generated_at: "2026-06-05T21:57:37.704760+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# NEXGEL raises ~$975k in registered direct offering led by insiders

## Summary
- Offering consists of 462,090 shares and warrants to buy 231,040 shares at $4.00, priced at $2.11 per share.
- Insiders including CFO and board members purchased 41,469 units; locked up for 180 days.
- Gross proceeds ~$975k before expenses; proceeds for working capital and general corporate purposes.
- Placement agent Alere Financial receives 6% fee on non-affiliate proceeds and 27,725 warrant shares.

## SEC filing metadata
- accession: 0001493152-24-007399
- form_type: 8-K
- ticker: NXGL
- cik: 0001468929
- company_name: NEXGEL, INC.
- filed_at: 2024-02-21T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1468929/000149315224007399/0001493152-24-007399-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1468929/000149315224007399/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-007399
- JSON: https://secwatch.observer/filing/0001493152-24-007399.json
- Plain text: https://secwatch.observer/filing/0001493152-24-007399.txt

## Key facts
- Material Agreements
  NEXGEL, INC. entered into Subscription Agreements with investors, the Company's Chief Financial Officer and certain members of its board of directors valued at approximately $975 thousand (effective 2024-02-15).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: investors, the Company's Chief Financial Officer and certain members of its board of directors
  - Value: approximately $975 thousand
  - Effective: 2024-02-15
  source text: On February 15, 2024, NexGel, Inc., a Delaware corporation (the “ Company ”), entered into subscription agreements (the “ Subscription Agreements ”) with investors, the Company’s Chief Financial Officer and certain members of its board of directors for the sale of by the Company of an aggregate of 231,040 units at a price to the public of $4.22 per unit
  evidence_url: https://www.sec.gov/Archives/edgar/data/1468929/000149315224007399/0001493152-24-007399-index.htm

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