NextPlat announces $6.0M private placement of common stock at $1.75/share

NextPlat Corp

Gross proceeds of $6.0M from sale of 3,428,571 shares at $1.75/share, the April 4, 2023 closing price.
Expected to close on or before April 10, 2023; proceeds for working capital and new E-Commerce Development Program.
Shares sold to accredited investor under Section 4(a)(2) and Regulation D; resale registration required within 120 days of closing.
Transaction enhances balance sheet and supports Florida businesses accessing Asian markets.

item 1.01 item 3.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

NextPlat Corp entered into Purchase Agreement with accredited investor valued at $6.0 million (effective 2023-04-05).

Action: entry
Agreement: equity purchase
Counterparty: accredited investor
Value: $6.0 million
Effective: 2023-04-05

Exact text from the filing

On April 5, 2023, NextPlat Corp (the “Company”) entered into a securities purchase agreement (the “Purchase Agreement”) with an accredited investor (the “Investor”) for the sale by the Company in a private placement of 3,428,571 shares of the Company’s common stock, $0.0001 par value per share (the “Common Stock”).

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NextPlat Corp filing history →

Source: SEC EDGAR

accession 0001493152-23-011111

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