NextPlat Corp (NXPL): Nasdaq/NYSE listing notice — NextPlat receives Nasdaq bid price deficiency notice; compliance period through Oct 27, 2025

NextPlat Corp

Common stock closing bid price below $1.00 for 30 consecutive business days triggered Nasdaq deficiency notice on April 28, 2025.
Company has 180 calendar days (until October 27, 2025) to regain compliance by closing at $1.00+ for 10 consecutive days.
If not cured, company may qualify for a second 180-day period by meeting other listing standards and notifying intent to cure.
CEO cited drug pricing, tariff escalations, and cost reduction efforts as challenges; possible reverse stock split considered.
Shares continue trading on Nasdaq Capital Market; no immediate delisting effect.

item 3.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

NextPlat Corp received a nasdaq deficiency notice notice regarding minimum bid price (rules 5810(c)(3)(A), 5550(a)(2)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5810(c)(3)(A), 5550(a)(2)

Exact text from the filing

April 28, 2025, NextPlat Corp (the “Company”) received a letter (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that the minimum closing bid price per share for its common stock was below $1.00 for 30 consecutive business days preceding the date of the Notice, and that the Company did not meet the $1.00 per share minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2). The Notice has no immediate effect on the listing or trading of the Company’s common stock on the Nasdaq Global Market. Pursuant to Nasd

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NextPlat Corp filing history →

Source: SEC EDGAR

accession 0001437749-25-013370

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