{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-24-012316","form_type":"8-K","ticker":null,"cik":"0001402945","company_name":"Progressive Care Inc.","filed_at":"2024-04-17T23:59:59+00:00","discovered_at":"2026-05-14T18:03:18.261261+00:00","generated_at":"2026-06-03T21:36:05.290901+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"NextPlat to acquire Progressive Care at $2.20/share; exchange ratio ~1.49 NextPlat shares per Progressive share","bullets":["NextPlat (NXPL) subsidiary will merge with Progressive Care (RXMD); shareholders receive NextPlat shares at $2.20 per Progressive share, based on $1.48 NextPlat 20-day VWAP.","Transaction unanimously approved by both boards; special committees negotiated independently; expected to close Q3 2024 subject to stockholder and regulatory approvals.","NextPlat already owns ~53% of Progressive Care voting stock; deal simplifies structure and expects cost reductions from eliminating public company expenses.","Lock-up agreements signed with directors and officers of both companies during interim period, prohibiting stock sales.","Merger Agreement includes customary representations and termination provisions, including if not closed by September 30, 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-24-012316","json":"https://secwatch.observer/filing/0001437749-24-012316.json","markdown":"https://secwatch.observer/filing/0001437749-24-012316.md","text":"https://secwatch.observer/filing/0001437749-24-012316.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1402945/000143774924012316/0001437749-24-012316-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1402945/000143774924012316/rxmd20240417e_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T21:36:05.290901+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"bc3d9d2ba1cdb26f63574273689901065b38006f","claim":"Progressive Care Inc. entered into Merger Agreement and Plan of Reorganization with NextPlat Corp (effective 2024-04-12).","evidence_excerpt":"On April 12, 2024, Progressive Care Inc., a Delaware corporation (the “ Company ”) entered into a Merger Agreement and Plan of Reorganization (the “ Merger Agreement ”) with NextPlat Corp","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1402945/000143774924012316/0001437749-24-012316-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"merger"},{"label":"Counterparty","value":"NextPlat Corp"},{"label":"Effective","value":"2024-04-12"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}