NEXGEL Announces Financing of $1.797 Million Relating to an Acquisition Targeted to Close in the First Quarter of 2026, Subject to the Completion of Due Diligence

Core Viewpoint - NEXGEL, Inc. has announced a financing of $1.797 million for a potential acquisition targeted for the first quarter of 2026, pending due diligence completion [1][2]. Group 1: Financing and Acquisition Details - The financing includes an upfront commitment of $1.797 million from an investor, with a potential additional investment of $14.869 million related to the acquisition, subject to due diligence and other conditions [2]. - The funds will be returned to the investor if the acquisition is not completed [1]. - Palladium Capital Group, LLC acted as the placement agent for this transaction [2]. Group 2: Company Overview - NEXGEL is a provider of healthcare, beauty, and over-the-counter products, specializing in ultra-gentle, high-water-content hydrogel products [4]. - The company has over two decades of experience in developing and manufacturing electron-beam, cross-linked hydrogels [4]. - NEXGEL's brands include SilverSeal, Hexagels, Turfguard, Kenkoderm, and Silly George, and it has strategic manufacturing relationships with leading consumer healthcare companies [4].