The reverse split is a routine corporate action to maintain Nasdaq listing compliance. Monitor the stock's post-split trading behavior for potential volatility from the reduced float and rounding-up of fractional shares.
Price Chart
Executive Summary
NEXGEL filed a Certificate of Amendment to effect a 1-for-20 reverse stock split of its common stock, effective October 12, 2026. The split was authorized by stockholders at a September 23, 2026 special meeting and is intended to boost the per-share price to maintain Nasdaq listing compliance. No fractional shares will be issued; fractional entitlements will be rounded up to the nearest whole share.
Key Facts
- Reverse stock split ratio set at 1-for-20, effective 12:01 a.m. ET on October 12, 2026.
- Stockholders approved the reverse split at a special meeting on September 23, 2026.
- No fractional shares will be issued; fractional shares will be rounded up to the nearest whole share.
- Par value remains $0.001 per share; authorized share count unchanged.
- Common stock will continue trading on Nasdaq under symbol NXGL with a new CUSIP number 65344E 206.
- Proportional adjustments will be made to outstanding equity awards, warrants, and convertible securities.
Financial Impact
No direct financial impact; the reverse split is a mechanical share consolidation with no change to market capitalization or authorized shares.
Risk Factors
- Post-split price may still fail to sustain Nasdaq minimum bid price compliance if fundamentals do not improve.
- Reduced float could increase share price volatility in the near term.
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001493152-26-046154 |
| Exhibit: ex3-1.htm | 0001493152-26-046154 |
| Document: 0001493152-26-046154-index-headers.html | 0001493152-26-046154 |
| Document: 0001493152-26-046154-index.html | 0001493152-26-046154 |
| Document: 0001493152-26-046154.txt | 0001493152-26-046154 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 7, 2026 19d ago | 8-K | $3.00 | awaiting T+20 | — | $5.03 (+67.67%) |
Sep 24, 2026 4w ago | 8-K | $3.48 $5.03 | ▲ +44.54% | ▲ +46.02% | $5.03 (+44.54%) |
Aug 20, 2026 9w ago | S-1 | $0.3873 $0.2658 | ▲ +31.37% | ▲ +31.37% | $5.03 (−1198.73%) |
Aug 17, 2026 10w ago | 8-K | $0.3755 $0.2811 | ▲ +25.14% | ▲ +23.16% | $5.03 (−1239.55%) |
Jul 2, 2026 16w ago | 8-K | $0.5646 $0.4438 | ▼ −21.40% | ▼ −20.98% | $5.03 (+790.90%) |
Jun 17, 2026 18w ago | 8-K | $0.5660 $0.4331 | ▼ −23.48% | ▼ −24.01% | $5.03 (+788.69%) |
May 18, 2026 23w ago | Insider Cluster | $0.6140 $0.6110 | ▼ −0.49% | ▼ −1.47% | $5.03 (+719.22%) |
May 12, 2026 23w ago | Press Release | $0.5800 | awaiting T+20 | — | $5.03 (+767.24%) |
Mar 12, 2026 32w ago | Press Release | $0.9560 $0.5720 | ▼ −40.17% | ▼ −42.14% | $5.03 (+426.15%) |
Mar 10, 2026 32w ago | Press Release | $0.9520 $0.6380 | ▼ −32.98% | ▼ −32.83% | $5.03 (+428.36%) |
US Market Status
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