NexGel acquires Silly George beauty brand for $600k cash+stock plus earn-out

NEXGEL, INC.

Purchase price: $400k cash, $200k in NXGL common stock, and a 4-year net profit earn-out.
Silly George has ~$2M annual revenue run rate; sells eye/eyelash products via DTC and Amazon.
Seller's management remains; inventory provided at cost post-sale.
Acquisition adds 88k Facebook, 83k Instagram followers, and 254k customer emails for cross-selling.
CEO cites immediate operational synergies and step toward profitability.

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