NextPlat (NASDAQ: NXPL, NXPLW) announced its board approved a 1-for-10 reverse stock split, effective at 12:01 a.m. ET on April 6, 2026, with trading on a split-adjusted basis beginning April 7 on the Nasdaq Capital Market under the existing ticker “NXPL.” The split will reduce outstanding shares from approximately 27.0 million to about 2.7 million, was previously authorized by stockholders, and is intended to help the company regain compliance with Nasdaq’s minimum bid price requirement while broadening investor interest.
To view the full press release, visit: https://ibn.fm/gzmiY
About NextPlat Corp.
NextPlat is a global consumer products and services company providing healthcare and technology solutions through e-Commerce and retail channels worldwide. Through acquisitions, joint ventures, and collaborations, the Company seeks to assist businesses in selling their goods online, domestically, and internationally, allowing customers and partners to optimize their e-Commerce presence and revenue. NextPlat currently operates an e-Commerce communications division offering voice, data, tracking, and IoT products and services worldwide as well as pharmacy and healthcare data management services in the United States through its subsidiary, Progressive Care.
NOTE TO INVESTORS: The latest news and updates relating to NXPL are available in the company’s newsroom at https://ibn.fm/NXPL
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