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NEXGEL Begins Trading After 1-for-20 Reverse Split
The split cuts outstanding shares to about 487,384, as NEXGEL seeks to regain Nasdaq's minimum bid-price compliance.
Key takeaways
- NEXGEL's 1-for-20 reverse split took effect on October 12, 2026.
- Outstanding shares fell to about 487,384 before fractional-share rounding.
NEXGEL’s common stock is set to begin split-adjusted trading on Nasdaq on October 12, following the effectiveness of a 1-for-20 reverse stock split. The ticker remains NXGL.
Each 20 outstanding shares were combined into one. The company said its outstanding share count declined from 9,747,663 as of October 9 to about 487,384, before fractional-share rounding.
NEXGEL said the split is intended to help it regain compliance with Nasdaq’s $1.00 minimum bid-price requirement. The company said there is no assurance it will regain or maintain compliance.
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This article was produced with the help of AI technology. Source: Yahoo Finance
