NEXGEL, INC. (NXGL) AI Dilution Summary

NexGel reported cash of $492,000 at 2026-06-30 against estimated monthly burn of $732,333. Its most recent capital raised was a private placement closed 2026-07-01, in which Asymmetry Point LP bought an additional $1,000,000 of Notes for $938,000 net. Dilution here is driven primarily by the $13,885,000 of unsecured convertible promissory notes, which convert at $0.6000 into 23,141,667 shares at that conversion price.