NexGel sets 1-for-20 reverse stock split effective Oct 12, 2026; NXGL stays on Nasdaq with new CUSIP

NEXGEL, INC.

Board fixed the reverse split ratio at 1-for-20, the maximum within the 1-for-2 to 1-for-20 range stockholders approved at the September 23, 2026 special meeting.
At 12:01 a.m. Eastern on October 12, 2026, every 20 outstanding shares combine into 1; par value remains $0.001 and authorized share count is unchanged.
Fractional shares will be rounded up to the nearest whole share; no cash will be paid in lieu of fractional shares.
Outstanding equity awards, convertible preferred stock and warrants will be proportionally adjusted, including their exercise and conversion prices.
Common Stock continues to trade on The Nasdaq Capital Market under 'NXGL' but under new CUSIP 65344E 206; Certificate of Amendment filed in Delaware October 7, 2026.

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