NexGel shareholders backed authorized share increase at special meeting
Bitget2026/09/23 21:21- At a Sept. 23, 2026 special shareholder meeting, NexGel won support to expand authorized common shares from 25 million to up to 150 million.
- The board has discretion to file the authorized-share increase at any time within one year; the filing itself was not confirmed.
- Shareholders also backed a discretionary reverse stock split, with the ratio set by the board within a 1-for-2 to 1-for-20 range.
- The reverse split was not confirmed as executed; the board may implement it within one year following the vote.
- Investors approved allowing adjournments to seek additional proxies if needed, though no adjournment was required.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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