Nexgel begins 1-for-20 reverse stock split trading on Nasdaq

Bitget2026/10/12 12:30

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Nexgel effected a 1-for-20 reverse stock split, with split-adjusted trading starting at today’s Nasdaq open under NXGL.
Move targets a higher share price to support compliance with Nasdaq’s $1 minimum bid requirement.
Outstanding shares fall to about 487,384 from 9,747,663, before rounding for fractional shares.
Fractional shares are rounded up to a whole share; no cash paid in lieu.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Nexgel Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202610120830PRIMZONEFULLFEED9843830) on October 12, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Nexgel begins 1-for-20 reverse stock split trading on Nasdaq

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