Nexgel director Steven Mark Glassman reports acquisition of $25,003 in common shares
NXGL•Nexgel director Steven Mark Glassman acquired 4,546 common shares at $5.50 each, bringing his direct holdings to 12,379 shares. His amended note’s conversion price fell to $5.50 from $12, and the exercise price on an existing warrant fell to $13 from $16.
1. Share and warrant changes
Glassman acquired 4,546 Nexgel common shares at $5.50 each, increasing his direct holdings to 12,379 shares. He also acquired PIPE Warrants covering 4,546 common shares at a $10 exercise price.
2. Amended note terms
Glassman’s amended Convertible Promissory Note has a $5.50 conversion price, down from $12, and covers 4,546 shares. The exercise price on his Existing Warrant covering 1,042 shares fell to $13 from $16.
