secwatch.observer — SEC 8-K summary
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Issuer:     NEXGEL, INC. (NXGL)
CIK:        0001468929
Form:       8-K
Filed at:   2026-10-07T20:39:00+00:00
Accession:  0001493152-26-046154
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 3.03, 5.03, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1468929/000149315226046154/0001493152-26-046154-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1468929/000149315226046154/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-046154

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