NEXGEL, INC. (NXGL) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: May 14, 2026

Risk Assessment Details

Potential Dilution: 0.0% of current shares
Recent Dilution: 45.09% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
9.1M
Potential Supply
0
Additional shares possible
Splits
None
Past 2 years

Summary

NXGL currently has 9.13M outstanding shares. with minimal authorized share overhang for future dilution. The company has significantly diluted shareholders by 45.09% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 14, 2026

10-Q filing | 9.1M shares outstanding

9.1M 0
Apr 21, 2026

8-K filing: NexGel, Inc. entered into a Securities Purchase Agreement with accredited investors, issuing convertible promissory notes and warrants for gross proceeds of $6,900,000, and also issued a convertible promissory note to Celularity in connection with an Asset Purchase and Exclusive License Agreement.

7.9M 0
Mar 31, 2026

10-K filing | 7.9M shares outstanding

7.9M 0
Aug 12, 2025

10-Q filing | 7.7M shares outstanding

7.7M 0
Aug 01, 2025

8-K filing: NexGel, Inc. entered into subscription agreements to sell 413,044 shares of common stock at $2.30 per share in a registered direct offering and unregistered warrants to purchase up to 206,522 shares of common stock at an exercise price of $4.25 per share in a concurrent private placement, with expected gross proceeds of approximately $950,000. ($1.06M proceeds)

7.6M 0
May 13, 2025

10-Q filing | 7.6M shares outstanding

7.6M 0
Mar 27, 2025

10-K filing | 7.7M shares outstanding

7.7M 0
Jan 06, 2025

8-K filing: NexGel, Inc. entered into executive employment agreements with Adam Levy and Joseph F. McGuire, granting stock options and common stock related to their employment. Mr. McGuire was also appointed as the Company's Chief Financial Officer.

6.6M 560K
Nov 13, 2024

10-Q filing | 6.6M shares outstanding

6.6M 560K
Nov 12, 2024

8-K filing: NexGel, Inc. entered into subscription agreements for the sale of 363,636 units at $5.50 per unit, each unit consisting of two shares of common stock and a warrant to purchase one share of common stock, with the closing expected on or about November 13, 2024, resulting in the issuance of 727,272 shares of common stock and warrants to purchase up to 363,636 shares. ($2.0M proceeds)

6.3M 880K
Aug 19, 2024

10-Q filing | 6.3M shares outstanding

6.3M 880K
Aug 13, 2024

8-K filing: NexGel, Inc. entered into subscription agreements for the sale of 222,000 units at $5.00 per unit, with each unit consisting of two shares of common stock and a warrant to purchase one share of common stock, expected to close on or about August 14, 2024. ($1.11M proceeds)

6M 1.1M
May 20, 2024

8-K filing: NexGel, Inc. entered into an Asset Purchase Agreement with Semmens Online Pty Ltd to purchase assets related to the 'Silly George' business, involving a cash payment and issuance of common stock. ($0.2M proceeds)

6M 35M
May 13, 2024

10-Q filing | 6.0M shares outstanding

6M 35M
Apr 10, 2024

10-K filing | 5.7M shares outstanding

5.7M 35M
Feb 21, 2024

8-K filing: NexGel, Inc. entered into subscription agreements with investors, including the Company's Chief Financial Officer and certain members of its board of directors, for the sale of 231,040 units at $4.22 per unit, with each unit consisting of two shares of common stock and a warrant to purchase one share of common stock, expecting to issue 462,090 shares of Common Stock and warrants to purchase up to 231,040 shares of Common Stock. ($0.98M proceeds)

5.7M 35M
Dec 29, 2023

8-K filing: NexGel, Inc. entered into an Executive Employment Agreement with Adam Levy, the Company's Chief Executive Officer and President, which includes grants of common stock based on certain conditions.

5.7M 35M
Nov 13, 2023

10-Q filing | 5.7M shares outstanding

5.7M 35M
Aug 14, 2023

10-Q filing | 5.7M shares outstanding

5.7M 35M
May 26, 2023

S-3/A filing: NEXGEL, INC. is offering common stock, preferred stock, debt securities, and warrants, from time to time, in one or more offerings, up to $75,000,000 of any combination of the securities described in this prospectus.

4.1M 37M
May 15, 2023

10-Q filing | 5.6M shares outstanding

5.6M 41M
Mar 28, 2023

10-K filing | 5.6M shares outstanding

5.6M 41M
Jan 06, 2023

8-K filing: NexGel, Inc. entered into an Executive Employment Agreement with Adam Levy, granting him 37,037 shares of common stock based on a price of $1.35 per share, vesting monthly.

5.6M 41M
Nov 08, 2022

10-Q filing | 5.6M shares outstanding

5.6M 41M
Aug 10, 2022

10-Q filing | 5.6M shares outstanding

5.6M 41M
May 13, 2022

10-Q filing | 5.6M shares outstanding

5.6M 41M
Apr 13, 2022

S-3 filing: NEXGEL, INC. may offer and sell, in one or more offerings, up to $75,000,000 of any combination of common stock, preferred stock, debt securities, and warrants.

4.2M 43M
Mar 21, 2022

10-K filing | 5.6M shares outstanding

5.6M 1.6M
Dec 27, 2021

8-K filing: NexGel Inc. sold 2,585,000 units at $5.50 per unit, each consisting of one share of common stock and a warrant, and granted the Underwriter a 45-day option to purchase additional shares and warrants, which the Underwriter partially exercised to purchase 387,750 Warrants on the Closing Date. ($0.0M proceeds)

100M 0
Dec 10, 2021

S-1/A filing: NexGel, Inc. is offering 2,065,935 units, each consisting of one share of common stock and one warrant to purchase one share of common stock, in a firm commitment underwritten offering.

100M 0
Dec 06, 2021

S-1/A filing: This S-1/A filing, dated December 6, 2021, relates to an offering of 2,065,935 units, each consisting of one share of common stock and one warrant to purchase one share of common stock, along with an option for the underwriter to purchase additional shares and/or warrants.

100M 0
Dec 02, 2021

S-1/A filing: This S-1/A filing, dated December 2, 2021, relates to an offering of 2,065,935 units of NexGel, Inc., each unit consisting of one share of common stock and one warrant to purchase one share of common stock, with an exercise price of $6.825 per share, as well as an option for the underwriter to purchase additional shares and/or warrants.

100M 54M
Nov 29, 2021
Stock Split

8-K filing: Stock split 1-for-35 | Outstanding: 104,277,112 → 2,979,197

3M 1.5M
Nov 10, 2021

10-Q filing | 104.3M shares outstanding

100M 51M
Nov 09, 2021

S-1 filing: This is an S-1 filing for an offering of common stock and warrants.

100M 53M
Aug 16, 2021

10-Q filing | 102.9M shares outstanding

100M 53M
May 17, 2021

10-Q filing | 102.9M shares outstanding

100M 53M
Apr 09, 2021

S-1 filing: This S-1 filing details the offering and resale of up to 26,000,000 shares of common stock by Auctus Fund, LLC, including shares underlying a convertible note and warrants, and also mentions previous sales of common stock in private placements.

100M 53M
Mar 31, 2021

10-K filing | 102.9M shares outstanding

100M 0
Nov 16, 2020

10-Q filing | 94.9M shares outstanding

95M 0
Aug 21, 2020

8-K filing: NexGel, Inc. completed a private placement, selling 6,585,000 shares of common stock at $0.06 per share for $395,100 in gross proceeds. Subsequent to the Private Placement, the Company will have 99,244,964 shares of Common Stock issued and outstanding. ($0.4M proceeds)

99M 0
Aug 14, 2020

10-Q filing | 88.2M shares outstanding

88M 0
May 29, 2020

8-K filing: NexGel, Inc. acquired Sport Defense LLC for $375,000, paid through the issuance of 9,375,000 shares of NexGel's common stock at $0.04 per share, and increased the number of authorized shares of common stock from 100,000,000 to 3,000,000,000. ($0.38M proceeds)

73M 0
May 14, 2020

10-Q filing | 73.0M shares outstanding

73M 0
Mar 30, 2020

10-K filing | 73.0M shares outstanding

73M 0
Jan 28, 2020

10-Q filing | 57.5M shares outstanding

58M 0
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