NextPlat Announces Proposed Business Combination with Progressive Care Inc. [Yahoo! Finance]
NextPlat Corp (NXPL)
Company Research
Source: Yahoo! Finance
COCONUT GROVE, Fla. and MIAMI April 12, 2024 /PRNewswire/ -- NextPlat Corp ( NASDAQ: NXPL, NXPLW ) ("NextPlat" or the "Company"), a global e-Commerce provider, today announced that it has entered into a definitive business combination agreement with its majority owned subsidiary, Progressive Care Inc. (OTCQB: RXMD) ("Progressive Care"). The definitive business combination agreement was negotiated by the special committees of independent directors of NextPlat and Progressive Care's respective Boards of Directors. Under the terms of the business combination agreement, a wholly owned subsidiary of NextPlat (the "Merger Sub") will merge with and into Progressive Care, with the Merger Sub surviving as a wholly owned subsidiary of NextPlat and be renamed Progressive Care LLC. Upon closing the merger, Progressive Care shareholders will receive newly issued, registered shares of NextPlat's Common Stock. The exchange ratio of NextPlat shares to be issued in the business combination, not sub
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NXPL
News
- NEXTPLAT INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Merger of NextPlat Corp - NXPLBusiness Wire
- SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates MGRC, ALPN, NXPLGlobeNewswire
- NXPL Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of NextPlat Corp Is Fair to ShareholdersBusiness Wire
- NextPlat Announces Proposed Business Combination with Progressive Care Inc.PR Newswire
- NextPlat Reports Consolidated Year-End 2023 Results with Increased Revenues of $37.8 Million, Record Annual Margins of 30% and $26.3 Million in Cash [Yahoo! Finance]Yahoo! Finance
NXPL
Sec Filings
- 4/23/24 - Form 5
- 4/23/24 - Form 5
- 4/23/24 - Form 5
- NXPL's page on the SEC website