secwatch.observer — SEC 8-K summary
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Issuer:     NextPlat Corp (NXPL)
CIK:        0001058307
Form:       8-K
Filed at:   2026-03-30T23:59:59+00:00
Accession:  0001437749-26-010121
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NextPlat approves 1-for-10 reverse stock split to regain Nasdaq bid price compliance
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- Stockholders approved reverse split at special meeting on March 27, 2026.
- Board set ratio at 1-for-10; effective 12:01 a.m. ET on April 6, 2026.
- Outstanding shares reduced from ~27,026,215 to ~2,702,621 shares; ticker NXPL unchanged.
- New CUSIP for common stock: 68557F308; fractional shares will be cashed out.
- Reverse split required to meet Nasdaq minimum bid price requirement for continued listing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1058307/000143774926010121/0001437749-26-010121-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1058307/000143774926010121/nxpl20260323_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-010121

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