NexGel shareholders approve share increase and reverse stock split proposals

NexGel, Inc. (NASDAQ:NXGL) shareholders have approved three proposals at the company's 2026 Special Meeting of Stockholders. The first proposal increased the number of authorized shares of common stock from 25,000,000 to up to 150,000,000, with a vote tally of 5,416,811 in favor, 779,208 against, and 4,024 abstentions. The second proposal authorized a discretionary reverse stock split, with approval from 5,450,308 votes for, 747,210 against, and 2,525 abstentions.

The third proposal, which allowed for adjournments to solicit additional proxies, was also approved with 5,365,667 votes for, 725,349 against, and 109,027 abstaining. The first two proposals received sufficient approval, so no adjournment was necessary.

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