• At a Sept. 23, 2026 special shareholder meeting, NexGel won support to expand authorized common shares from 25 million to up to 150 million.
• The board has discretion to file the authorized-share increase at any time within one year; the filing itself was not confirmed.
• Shareholders also backed a discretionary reverse stock split, with the ratio set by the board within a 1-for-2 to 1-for-20 range.
• The reverse split was not confirmed as executed; the board may implement it within one year following the vote.
• Investors approved allowing adjournments to seek additional proxies if needed, though no adjournment was required.

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 EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-043955), on September 23, 2026, and is solely responsible for the information contained therein.