NexGel, Inc. has filed a Certificate of Amendment with the Secretary of State of Delaware to implement a reverse stock split of its common stock. The filing, dated October 7, 2026, confirms the company will execute a 1-for-20 reverse split, which will become effective at 12:01 a.m., Eastern Time, on October 12, 2026.
The transaction will automatically combine every twenty (20) issued and outstanding shares of common stock into one (1) share. The par value of the common stock will remain $0.001 per share. The reverse split does not change the total number of shares of capital stock the company is authorized to issue.
Regarding fractional shares, the company will not issue any fractional shares of common stock. Instead, stockholders who would otherwise be entitled to a fractional share will receive one whole share in lieu of the fractional share, rounded up to the nearest whole share. No stockholders will receive cash in lieu of fractional shares.
Proportional adjustments will be made to the number of shares issuable upon the exercise or conversion of outstanding equity awards, convertible preferred stock, warrants, and other convertible or exercisable securities. The exercise, conversion, or purchase prices of these securities will also be adjusted accordingly.
Following the split, the company’s common stock will continue to be listed on The Nasdaq Capital Market under the symbol “NXGL,” but will trade under a new CUSIP number, 65344E 206.
