---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-018962"
form_type: "8-K"
ticker: "NXGL"
cik: "0001468929"
company_name: "NEXGEL, INC."
filed_at: "2026-04-24T23:59:59+00:00"
generated_at: "2026-05-15T04:11:33.083111+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# NexGel receives Nasdaq deficiency notice for bid price below $1; 180 days to cure

## Summary
- Closing bid price of common stock (NXGL) below $1.00 for 30 consecutive business days.
- Company has until October 19, 2026 to regain compliance per Nasdaq Rule 5810(c)(3)(A).
- Compliance possible if bid price closes at $1.00+ for 10 consecutive days before deadline.
- If not cured, a second 180-day compliance period may be available subject to conditions.
- Company may consider a reverse stock split; no assurance of regaining compliance.

## SEC filing metadata
- accession: 0001493152-26-018962
- form_type: 8-K
- ticker: NXGL
- cik: 0001468929
- company_name: NEXGEL, INC.
- filed_at: 2026-04-24T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1468929/000149315226018962/0001493152-26-018962-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1468929/000149315226018962/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-018962
- JSON: https://secwatch.observer/filing/0001493152-26-018962.json
- Plain text: https://secwatch.observer/filing/0001493152-26-018962.txt

## Source-grounded claims
- claim_id: 1b6383526459f70b1d8ddf4c9ea0c7276005ea12
  claim: NEXGEL, INC. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2)).
  evidence_excerpt: April 22, 2026, NexGel, Inc. (the “ Company ”) received a deficiency letter from the Nasdaq Listing Qualifications Department (the “ Staff ”) of The Nasdaq Stock Market LLC (“ Nasdaq ”) notifying the Company that, for th
  evidence_url: https://www.sec.gov/Archives/edgar/data/1468929/000149315226018962/0001493152-26-018962-index.htm

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