---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-010009"
form_type: "8-K"
ticker: "NXPL"
cik: "0001058307"
company_name: "NextPlat Corp"
filed_at: "2024-03-29T23:59:59+00:00"
generated_at: "2026-06-04T05:10:49.113041+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# NextPlat acquires Outfitter Satellite for $760K; expects to more than double NA tech e-commerce sales

## Summary
- Total purchase price $760K all-cash; $660K at closing, $100K upon delivery of audited FY2022/23 statements.
- Acquisition expected to close on April 1, 2024; Outfitter based in Nashville, provides satellite connectivity.
- NextPlat says deal is accretive, will more than double North American technology e-commerce product sales and recurring revenue.
- Company plans to integrate Outfitter onto global e-commerce platform, expand product offerings and enter international markets.

## SEC filing metadata
- accession: 0001437749-24-010009
- form_type: 8-K
- ticker: NXPL
- cik: 0001058307
- company_name: NextPlat Corp
- filed_at: 2024-03-29T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1058307/000143774924010009/0001437749-24-010009-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1058307/000143774924010009/nxpl20240328_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-010009
- JSON: https://secwatch.observer/filing/0001437749-24-010009.json
- Plain text: https://secwatch.observer/filing/0001437749-24-010009.txt

## Key facts
- Material Agreements
  NextPlat Corp entered into Stock Purchase Agreement with James T. McKinley valued at $760,000.00 (effective 2024-03-25).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: James T. McKinley
  - Value: $760,000.00
  - Effective: 2024-03-25
  source text: On March 25, 2024, NextPlat Corp (NASDAQ: NXPL, NXPLW) (the “Company” or “NextPlat”) entered into a Stock Purchase Agreement (the “SPA”) with James T. McKinley (“Seller”), pursuant to which the Company agreed to purchase all of the issued and outstanding shares of common stock of Outfitter Satellite, Inc. (“Outfitter”) in an all-cash transaction (the “Acquisition”) for an aggregate purchase price of $760,000.00
  evidence_url: https://www.sec.gov/Archives/edgar/data/1058307/000143774924010009/0001437749-24-010009-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.