---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-012328"
form_type: "8-K"
ticker: "NXPL"
cik: "0001058307"
company_name: "NextPlat Corp"
filed_at: "2024-04-17T23:59:59+00:00"
generated_at: "2026-06-03T21:28:54.656493+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# NextPlat Corp signs definitive agreement to acquire Progressive Care Inc.; $2.20 per share value, 1.49 exchange ratio

## Summary
- Special committees of both boards approved; merger expected to close Q3 2024 subject to shareholder and regulatory approvals.
- Exchange ratio based on 20-day VWAP of NextPlat ($1.48) and $2.20 value per Progressive Care share.
- NextPlat owned ~53% of Progressive Care voting stock as of July 2023; deal expected to eliminate redundant public company costs.
- Lock-up agreements with directors and officers of both companies prohibit securities transfers during interim period.

## SEC filing metadata
- accession: 0001437749-24-012328
- form_type: 8-K
- ticker: NXPL
- cik: 0001058307
- company_name: NextPlat Corp
- filed_at: 2024-04-17T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1058307/000143774924012328/0001437749-24-012328-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1058307/000143774924012328/nxpl20240417_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-012328
- JSON: https://secwatch.observer/filing/0001437749-24-012328.json
- Plain text: https://secwatch.observer/filing/0001437749-24-012328.txt

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