NEXGEL raises ~$1M in registered direct offering and private placement; warrants at $4.25

NEXGEL, INC.

Registered direct offering of 413,044 shares at $2.30/share; gross proceeds ~$950,000.
Concurrent private placement of warrants to buy 206,522 shares at $4.25, 5-year term.
Additional private placement of 45,652 shares to consultant, director, and stockholder for $105,000, with 22,826 warrants.
CEO notes combined with $1M STADA advance, financing strengthens balance sheet for H2 growth.
Closing expected on or before August 5, 2025; Alere Financial Partners acted as placement agent.

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