{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-22-032818","form_type":"8-K","ticker":"NXPL","cik":"0001058307","company_name":"NextPlat Corp","filed_at":"2022-11-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:49.450368+00:00","generated_at":"2026-06-21T15:36:31.688734+00:00","sec_items":["1.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"NextPlat enters agreement to purchase up to $10M in convertible debentures from Progressive Care","bullets":["NextPlat may purchase up to $10M of secured convertible debentures from Progressive Care (OTCQB: RXMD) over three years at its sole discretion.","Minimum purchase per notice is $1M; proceeds held in controlled account until approved by NextPlat's board.","Debentures convertible into Progressive Care common at $0.03/share, bear 5% interest, mature in three years.","Progressive Care can prepay at 110% of principal plus interest; NextPlat may convert before prepayment.","NextPlat obtains first-priority security interest in all assets of Progressive Care and its subsidiaries."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-22-032818","json":"https://secwatch.observer/filing/0001493152-22-032818.json","markdown":"https://secwatch.observer/filing/0001493152-22-032818.md","text":"https://secwatch.observer/filing/0001493152-22-032818.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1058307/000149315222032818/0001493152-22-032818-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1058307/000149315222032818/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T15:36:31.688734+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"21018d4b58d2ec6d23d937feb6bbba9a994c46f4","claim":"NextPlat Corp entered into Securities Purchase Agreement with Progressive Care Inc. valued at $10 million (effective 2022-11-16).","evidence_excerpt":"On November 16, 2022, NextPlat Corp (NASDAQ: NXPL, NXPLW) (the “Company” or “NextPlat”) entered into a Securities Purchase Agreement (the “SPA”) with Progressive Care Inc. (OTCQB: RXMD) (“Progressive Care”), pursuant to which the Company has agreed to purchase, from time to time during the three year term of the SPA, up to an aggregate of $10 million of secured convertible debentures from Progressive Care (the “Debentures”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1058307/000149315222032818/0001493152-22-032818-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"Progressive Care Inc."},{"label":"Value","value":"$10 million"},{"label":"Effective","value":"2022-11-16"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}