---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-031687"
form_type: "8-K"
ticker: "NXGL"
cik: "0001468929"
company_name: "NEXGEL, INC."
filed_at: "2024-08-13T23:59:59+00:00"
generated_at: "2026-05-31T09:40:45.142870+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# NEXGEL announces $1.11M registered direct offering of 444K shares and 222K warrants; insiders participate

## Summary
- Gross proceeds of ~$1.11M from sale of 444K shares at $2.50/share and warrants exercisable at $4.25.
- Insiders (board and management) purchased 27K units, subject to 180-day lock-up.
- Net proceeds for working capital, including to support Silly George acquisition and inventory/marketing for higher demand.
- Offering expected to close on or about August 14, 2024.
- Placement agent Alere Financial receives 8% fee from non-affiliates, 4% from affiliates, plus 33,360-share warrant.

## SEC filing metadata
- accession: 0001493152-24-031687
- form_type: 8-K
- ticker: NXGL
- cik: 0001468929
- company_name: NEXGEL, INC.
- filed_at: 2024-08-13T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1468929/000149315224031687/0001493152-24-031687-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1468929/000149315224031687/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-031687
- JSON: https://secwatch.observer/filing/0001493152-24-031687.json
- Plain text: https://secwatch.observer/filing/0001493152-24-031687.txt

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