secwatch.observer — SEC 8-K summary
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Issuer:     NextPlat Corp (NXPL)
CIK:        0001058307
Form:       8-K/A
Filed at:   2022-01-20T23:59:59+00:00
Accession:  0001493152-22-001740
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Orbsat Corp appoints Rodney Barreto to board; discloses his $1.2M participation in private placement
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- Rodney Barreto appointed to the board effective January 20, 2022; no committee assignment yet.
- Director agreement: $48,000/year cash retainer plus 20,000 restricted shares (half vest at grant, half at 1-year anniversary).
- Barreto purchased 370,371 shares at $3.24/share in a private placement that closed January 5, 2022, for total of $1,200,002.04.
- Private placement total: 2,229,950 shares sold, gross proceeds of approximately $7.2 million at $3.24 per share.
- This amendment corrects the original 8-K's omission of Barreto's participation as a purchaser in the offering.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1058307/000149315222001740/0001493152-22-001740-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1058307/000149315222001740/form8-ka.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-001740

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