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Mar 27, 2026 8:00 PM

NextPlat Announces Reverse Stock Split to Regain Compliance with Nasdaq's Bid Price Requirement

HALLANDALE BEACH, Fla., March 27, 2026 /PRNewswire/ -- NextPlat Corp (NASDAQ:NXPL, NXPLW), NXPLW) ("NextPlat" or the "Company"), a global consumer products and services company providing healthcare and technology solutions through e-commerce and retail channels worldwide, today announced that its Board of Directors has approved a 1-for-10 reverse stock split of the Company's issued and outstanding common stock. The reverse stock split is expected to become effective at 12:01 a.m. Eastern Time on April 6, 2026, with trading on a split-adjusted basis beginning on The Nasdaq Capital Market upon the commencement of trading on Tuesday, April 7, 2026 under the Company's existing ticker symbol, "NXPL."

At the effective time, every 10 shares of NextPlat's issued and outstanding common stock will automatically be combined into one share of common stock. The reverse stock split will reduce the number of shares of the ...