Form 8-K

8-K — NEXGEL, INC.

Accession: 0001493152-26-018962

Filed: 2026-04-24

Period: 2026-04-22

CIK: 0001468929

SIC: 3841 (SURGICAL & MEDICAL INSTRUMENTS & APPARATUS)

Item: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

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UNITED

STATES

SECURITIES

AND EXCHANGE COMMISSION

Washington,

D.C. 20549

FORM

8-K

CURRENT

REPORT

Pursuant

to Section 13 or 15(d) of the

Securities

Exchange Act of 1934

Date

of Report (Date of earliest event reported): April 22, 2026

NEXGEL,

INC.

(Exact

name of registrant as specified in its charter)

Delaware

001-41173

26-4042544

(State

or other jurisdiction

(Commission

(IRS

Employer

incorporation)

File Number)

Identification

No.)

2150

Cabot Boulevard West, Suite B

Langhorne,

Pennsylvania

19047

(Address

of principal executive offices)

(Zip

Code)

Registrant’s

telephone number, including area code: (215) 702-8550

(Former

name or former address, if changed since last report)

Not

Applicable

Check

the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under

any of the following provisions:

☐

Written

communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting

material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement

communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement

communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities

registered pursuant to Section 12(b) of the Act:

Title

of each class

Trading

Symbol(s)

Name

of each exchange on which registered

Common

Stock, par value $0.001

NXGL

The

Nasdaq Capital Market LLC

Warrants

to Purchase Common Stock

NXGLW

The

Nasdaq Capital Market LLC

Indicate

by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405

of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging

growth company ☒

an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying

with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item

3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

April 22, 2026, NexGel, Inc. (the “Company”) received a deficiency letter from the Nasdaq Listing Qualifications

Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the

Company that, for the last 30 consecutive business days, the closing bid price for the Company’s common stock has been below the

minimum $1.00 per share required for continued listing on The Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(a)(2) (the “Minimum

Bid Price Requirement”). The Nasdaq deficiency letter has no immediate effect on the listing of the Company’s common

stock, and its common stock will continue to trade on The Nasdaq Capital Market under the symbol “NXGL” at this time.

accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has been given 180 calendar days, or until October 19, 2026, to regain

compliance with the Minimum Bid Price Requirement. If at any time before October 19, 2026, the bid price of the Company’s common

stock closes at $1.00 per share or more for a minimum of 10 consecutive business days, the Staff will provide written confirmation that

the Company has achieved compliance.

the Company does not regain compliance with the Minimum Bid Price Requirement by October 19, 2026, the Company may be afforded a second

180 calendar day period to regain compliance. To qualify, the Company would be required to meet the continued listing requirement for

market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market, except for the Minimum Bid

Price Requirement. In addition, the Company would be required to notify Nasdaq of its intent to cure the deficiency during the second

compliance period, by effecting a reverse stock split if necessary. If the Company does not regain compliance with the Minimum Bid Price

Requirement by the end of the compliance period (or the second compliance period, if applicable), the Company’s common stock will

become subject to delisting. In the event that the Company receives notice that its common stock is being delisted, the Nasdaq listing

rules permit the Company to appeal a delisting determination by the Staff to a hearings panel.

The

Company intends to monitor the closing bid price of its common stock and may, if appropriate, consider available options to regain compliance

with the Minimum Bid Price Requirement, including initiating a reverse stock split. However, there can be no assurance that the Company

will be able to regain compliance with the Minimum Bid Price Requirement or will otherwise be in compliance with other Nasdaq Listing

Rules.

SIGNATURES

Pursuant

to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by

the undersigned hereunto duly authorized.

Date:

April 24, 2026

NEXGEL,

INC.

By:

/s/

Adam Levy

Adam

Levy

Chief

Executive Officer

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Entity File Number

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Entity Registrant Name

NEXGEL,

INC.

Entity Central Index Key

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Entity Tax Identification Number

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Entity Incorporation, State or Country Code

Entity Address, Address Line One

2150

Cabot Boulevard West

Entity Address, Address Line Two

Suite B

Entity Address, City or Town

Langhorne

Entity Address, State or Province

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19047

City Area Code

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Local Phone Number

702-8550

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Title of 12(b) Security

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Security Exchange Name

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Warrants to Purchase Common Stock

Title of 12(b) Security

Warrants

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Security Exchange Name

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