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NexGel Receives Nasdaq Deficiency Notice Over Bid Price
NexGel (NXGL) has received a Nasdaq deficiency notice because its common stock traded below the $1.00 minimum bid price for 30 consecutive business days. The company has until October 19, 2026, with a possible extension, to regain compliance by having its closing bid price at or above $1.00 for ten consecutive business days. Failure to comply could lead to delisting, and NexGel may consider a reverse stock split as a measure to restore its share price.