---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-013370"
form_type: "8-K"
ticker: "NXPL"
cik: "0001058307"
company_name: "NextPlat Corp"
filed_at: "2025-04-28T23:59:59+00:00"
generated_at: "2026-05-23T04:41:53.634598+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# NextPlat receives Nasdaq bid price deficiency notice; compliance period through Oct 27, 2025

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-25-013370
- form_type: 8-K
- ticker: NXPL
- cik: 0001058307
- company_name: NextPlat Corp
- filed_at: 2025-04-28T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 3.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1058307/000143774925013370/0001437749-25-013370-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1058307/000143774925013370/nxpl20250428_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-013370
- JSON: https://secwatch.observer/filing/0001437749-25-013370.json
- Plain text: https://secwatch.observer/filing/0001437749-25-013370.txt

## Key facts
- Listing & Compliance Notices
  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)
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1058307/000143774925013370/0001437749-25-013370-index.htm

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