secwatch.observer — SEC 8-K summary
======================================

Issuer:     NextPlat Corp (NXPL)
CIK:        0001058307
Form:       8-K
Filed at:   2023-04-06T23:59:59+00:00
Accession:  0001493152-23-011111
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1058307/000149315223011111/0001493152-23-011111-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1058307/000149315223011111/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-011111

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer