NEXGEL Announces $950,000 Registered Direct Offering and Concurrent Private Placement
1. NEXGEL sells 413,044 shares at $2.30 each to strengthen balance sheet. 2. Private placement includes warrants for 206,522 shares with a $4.25 exercise price. 3. CEO expects high growth in the second half of the year due to financing. 4. Company received a $1 million advance from STADA for operational support. 5. Shares offered under SEC's Form S-3 and subject to standard regulations.