Stock Titan Regulatory and legal
NexGel (NXGL) plans big share authorization boost and reverse split to protect Nasdaq listing
NexGel, Inc. (NXGL) is seeking stockholder approval for two major proposals: increasing authorized common stock from 25 million to up to 150 million shares and implementing a discretionary reverse stock split with a ratio between 1-for-2 and 1-for-20. These actions are intended to ensure the company can meet existing contractual share reservation obligations, provide flexibility for future financings, …