Form SCHEDULE 13G/A NEXGEL, INC. Filed by: Asymmetry Point LP
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 |
SCHEDULE 13G
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UNDER THE SECURITIES EXCHANGE ACT OF 1934
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(Amendment No. 1)*
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NEXGEL, INC. (Name of Issuer) |
Common Stock, par value $0.001 per share (Title of Class of Securities) |
(CUSIP Number) |
03/31/2026 (Date of Event Which Requires Filing of this Statement) |
| Check the appropriate box to designate the rule pursuant to which this Schedule is filed: |
| Rule 13d-1(b) |
| Rule 13d-1(c) |
| Rule 13d-1(d) |
SCHEDULE 13G
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| CUSIP No. |
| 1 | Names of Reporting Persons
Asymmetry Point LP | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b) | ||||||||
| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
DELAWARE
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| Number of Shares Beneficially Owned by Each Reporting Person With: |
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| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
745,000.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
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| 11 | Percent of class represented by amount in row (9)
8.8 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
PN |
Comment for Type of Reporting Person: Percentage ownership is calculated based on 8,475,693 shares of Common Stock of NexGel, Inc. ("Issuer") as of March 31, 2026, as reported in the Annual Report on Form 10-K for the year ended December 31, 2025, filed by the Issuer with the SEC on March 31, 2026.
SCHEDULE 13G
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| CUSIP No. |
| 1 | Names of Reporting Persons
Asymmetry Point Capital LLC | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b) | ||||||||
| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
FLORIDA
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| Number of Shares Beneficially Owned by Each Reporting Person With: |
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| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
745,000.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
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| 11 | Percent of class represented by amount in row (9)
8.8 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
OO |
Comment for Type of Reporting Person: Asymmetry Point Capital LLC is the General Partner of Asymmetry Point LP and may be deemed to have sole voting and dispositive power over the 745,000 Shares held by Asymmetry Point LP.
Percentage ownership is calculated based on 8,475,693 shares of Common Stock of NexGel, Inc. ("Issuer") as of March 31, 2026, as reported in the Annual Report on Form 10-K for the year ended December 31, 2025, filed by the Issuer with the SEC on March 31, 2026.
SCHEDULE 13G
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| CUSIP No. |
| 1 | Names of Reporting Persons
Mr. Aviv Argaman | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b) | ||||||||
| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
ISRAEL
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| Number of Shares Beneficially Owned by Each Reporting Person With: |
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| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
745,000.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
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| 11 | Percent of class represented by amount in row (9)
8.8 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
IN |
Comment for Type of Reporting Person: As the fund manager of Asymmetry Point LP and the President and Secretary of Asymmetry Point Capital LLC, the General Partner of Asymmetry Point LP, Mr. Aviv Argaman may be deemed to have sole voting and dispositive power over the 745,000 Shares held by Asymmetry Point LP.
Percentage ownership is calculated based on 8,475,693 shares of Common Stock of NexGel, Inc. ("Issuer") as of March 31, 2026, as reported in the Annual Report on Form 10-K for the year ended December 31, 2025, filed by the Issuer with the SEC on March 31, 2026.
SCHEDULE 13G
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| Item 1. | ||
| (a) | Name of issuer:
NEXGEL, INC. | |
| (b) | Address of issuer's principal executive offices:
2150 CABOT BLVD WEST, Suite B, LANGHORNE, PENNSYLVANIA, 19047. | |
| Item 2. | ||
| (a) | Name of person filing:
Asymmetry Point LP
Asymmetry Point Capital LLC
Mr. Aviv Argaman | |
| (b) | Address or principal business office or, if none, residence:
Asymmetry Point LP
100 Biscayne Blvd
Floor 12, Miami, Florida 33132
Asymmetry Point Capital LLC
100 Biscayne Blvd
Floor 12, Miami, Florida 33132
Mr. Aviv Argaman
100 Biscayne Blvd
Floor 12, Miami, Florida 33132 | |
| (c) | Citizenship:
Asymmetry Point LP is a Delaware limited partnership
Asymmetry Point Capital LLC is incorporated in the state of Florida, USA
Mr. Aviv Argaman is a citizen of Israel | |
| (d) | Title of class of securities:
Common Stock, par value $0.001 per share | |
| (e) | CUSIP No.:
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| Item 3. | If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: | |
| (a) | Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o); | |
| (b) | Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); | |
| (c) | Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c); | |
| (d) | Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); | |
| (e) | An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E); | |
| (f) | An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F); | |
| (g) | A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G); | |
| (h) | A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); | |
| (i) | A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); | |
| (j) | A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution: | |
| (k) | Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K). | |
| Item 4. | Ownership | |
| (a) | Amount beneficially owned:
Incorporated by reference from Items 5-9 on the cover page of each Reporting Person. | |
| (b) | Percent of class:
Incorporated by reference from Item 11 on the cover page of each Reporting Person. %
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| (c) | Number of shares as to which the person has:
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| (i) Sole power to vote or to direct the vote:
Incorporated by reference from Item 5 on the cover page of each Reporting Person. | ||
| (ii) Shared power to vote or to direct the vote:
0 for all Reporting Persons. | ||
| (iii) Sole power to dispose or to direct the disposition of:
Incorporated by reference from Item 7 on the cover page of each Reporting Person. | ||
| (iv) Shared power to dispose or to direct the disposition of:
0 for all Reporting Persons. | ||
| Item 5. | Ownership of 5 Percent or Less of a Class. | |
| Item 6. | Ownership of more than 5 Percent on Behalf of Another Person. | |
Not Applicable
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| Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. | |
Not Applicable
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| Item 8. | Identification and Classification of Members of the Group. | |
Not Applicable
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| Item 9. | Notice of Dissolution of Group. | |
Not Applicable
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| Item 10. | Certifications: |
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
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| SIGNATURE | |
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
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Exhibit Information
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Exhibit 99.1 - Joint Filing Agreement, dated March 12, 2025 (incorporated by reference to Exhibit A of Schedule 13G filed with the SEC on March 12, 2026). |