Adam R. Levy
Mr. Levy resigned from the Company’s Board of Directors
Highest-materiality recent filing
NexGel terminates CEO Adam Levy, appoints Brian Kieser interim CEO, launches strategic review
Adam R. Levy terminated as CEO without cause effective Aug 21, 2026; resigned from board and all officer positions.
NexGel Q2 2026: revenue $3.69M, net loss $2.87M; BioNX backlog $795K; proxy vote fails
Q2 revenue $3.69M, net loss $2.87M; includes $756,554 BioNX amortization, $273,710 transaction costs, $144,495 SilverSeal recall.
CEO Adam Levy receives base salary of $375,000 per year under new employment agreement effective July 23, 2026.
NexGel closes $1.21M private placement of convertible notes and warrants
Issued $1.21M aggregate principal amount of unsecured convertible notes at $0.60/share initial conversion price.
NEXGEL appoints two Sequence LifeScience leaders to board; Sequence led $5.5M financing
Brian J. Kieser (CEO) and Kevin M. Harris (COO) of Sequence LifeScience appointed to NEXGEL board effective May 6, 2026.
NexGel receives Nasdaq deficiency notice for bid price below $1; 180 days to cure
Closing bid price of common stock (NXGL) below $1.00 for 30 consecutive business days.
NexGel closes Celularity regenerative biomaterials acquisition; expects revenue to triple to ~$35M
Acquired Celularity's regenerative biomaterials portfolio for $13.3M ($8.3M cash + $5M convertible note); closed April 17, 2026.
NEXGEL signs $35M deal to buy Celularity's biomaterial portfolio; expects revenue to triple to ~$35M
Consideration up to $35M: $15M upfront plus $20M in milestone payments tied to net sales.
NexGel closes $1.8M Series A convertible note; up to $14.9M more for Q1 acquisition
Initial Series A convertible note raised $1,797,381 gross proceeds, bearing 10% interest (18% on default), convertible at $1.244/share with floor $0.2488.
NexGel spins off drug delivery program into NexGelRx; shareholders get 19.99% equity stake
NEXGEL spins off select Rx drug delivery assets into new entity NexGelRx; retains 19.99% non-dilutive equity stake.
NEXGEL Q2 revenue doubles to $2.88M, guided to $13M and positive EBITDA for FY2025
Revenue $2.88M, +100.3% YoY; gross margin 43.6% vs 20.3% YoY.
NEXGEL raises ~$1M in registered direct offering and private placement; warrants at $4.25
Registered direct offering of 413,044 shares at $2.30/share; gross proceeds ~$950,000.
NEXGEL expands partnership with STADA; gets $1M non-dilutive capital for N.A. launches
Expansion includes digestive enzyme formulas and scar/stretch mark solutions for North America.
NexGel Q1 revenue $2.81M (+121% YoY); gross margin expands to 42.4% from 12.6%
Revenue $2.81M, up 121% YoY from $1.27M; guided Q1 slightly above prior outlook.
NexGel Q4 revenue up 181% to $3.04M, guides 2025 revenue of $13M, positive EBITDA
Q4 revenue $3.04M (up 181% YoY); FY 2024 revenue $8.69M (up 112% YoY).
NEXGEL prelim Q4 rev ~$3M, FY2024 ~$8.6M (+100% YoY); guides FY2025 >$13M, cash flow positive
Preliminary Q4 2024 revenue ~$3.0M; full year ~$8.6M, representing >100% YoY growth for third consecutive year.
NEXGEL Q3 revenue record $2.94M (+141% YoY); gross margin expands to 43.6%
Net loss widened to $754K vs $552K Q3 2023, but improved from $979K Q2 2024; adjusted EBITDA loss narrowed to $347K.
NEXGEL raises ~$2M in registered direct offering of stock and warrants at $2.75/share
Offering of 727,272 common shares and warrants to buy 363,636 shares at $4.25; gross proceeds ~$2M.
NexGel preannounces record Q3 2024 revenue of $2.85M, +133% YoY, +98% QoQ
Expected revenue $2.85M, up 133% YoY and 98% sequentially, beating prior $2.20M guidance by ~30%.
NEXGEL reports record Q2 revenue of $1.44M, net loss widens to $979K
Record Q2 revenue $1.44M, up 23.4% YoY; gross margin improved to 28.5% from 15.0%.
Gross proceeds of ~$1.11M from sale of 444K shares at $2.50/share and warrants exercisable at $4.25.
NexGel reports preliminary Q2 revenue of $1.4M (+20% YoY); guides Q3 $2.2M, Q4 $2.6M
Preliminary Q2 2024 revenue of $1.4M, up ~20% YoY and ~10% sequentially.
NexGel acquires Silly George beauty brand for $600k cash+stock plus earn-out
Purchase price: $400k cash, $200k in NXGL common stock, and a 4-year net profit earn-out.
NEXGEL Q1 revenue $1.27M (+104% YoY); net loss $905K vs $807K YoY
Revenue increased 104% to $1.27M, driven by contract manufacturing (+58%) and branded products (+178%).
NEXGEL reports FY2023 revenue $4.1M (+99.7% YoY); net loss narrows to $3.2M
Revenue $4.1M for FY2023, up 99.7% YoY; Q4 revenue $1.1M, up 110% YoY.
NexGel entered a one-year employment agreement with CEO Adam Levy, effective Jan 1, 2024, with $325,000 base salary and $70,000 equity grant.
Partnership with STADA Arzneimittel AG, a European consumer health leader, for distribution and commercialization.
NexGel acquires Kenkoderm psoriasis skincare line for $546,500 initial cash plus earn-out
Initial cash payment of $546,500; earn-out up to additional $546,500 based on 2024 performance.
Mr. Levy resigned from the Company’s Board of Directors
Effective as of the Separation Date, the Board appointed Brian Kieser to serve as Interim Chief Executive Officer of the Company.
Effective August 21, 2026 (the “ Separation Date ”), NexGel, Inc. (the “ Company ”) terminated Adam R. Levy’s employment as Chief Executive Officer without Cause (as defined in Mr. Levy’s Executive Employment Agreement, dated July 23, 2026), and Mr. Levy resigned from the Company’s Board of Directors (the “ Board ”) and from all other officer, director, committee and fiduciary positions held by him with the Company and its subsidiaries.
On May 6, 2026, Brian J. Kieser and Kevin M. Harris (collectively, the “ Board Appointees ”) were appointed to the board of directors
On May 6, 2026, Brian J. Kieser and Kevin M. Harris (collectively, the “ Board Appointees ”) were appointed to the board of directors
Mr. Blackman succeeds Mr. Drapczuk as the Company’s principal financial officer and principal accounting officer.
the Board of Directors of the Company (the “ Board ”) appointed Ian Blackman, age 58, as Chief Financial Officer of NexGel, Inc. (the “ Company ”), effective April 27, 2026.
Joseph F. McGuire Appointment as Chief Financial Officer
On January 9, 2024, Miranda J. Toledano notified NexGel, Inc. (the “ Company ”) of her intent to resign as a member of the Company’s Board of Directors (the “ Board ”) effective as of March 31, 2024.
On December 7, 2023, David Stefansky notified NexGel, Inc. (the “ Company ”) of his intent to resign as a member of the Company’s Board of Directors (the “ Board ”) effective as of December 31, 2023 to pursue other business ventures.
On January 16, 2023, Yaakov Spinrad resigned as a member of the Board.
On January 16, 2023, Scott R. Henry (the “ Board Appointees ”) was appointed to the board of directors (the “ Board ”) of NexGel, Inc.
Max materiality 1.00 · Median 0.60 · Most common event other_material