NetworkNewsBreaks – NextPlat Corp (NASDAQ: NXPL)

NetworkNewsBreaks – NextPlat Corp (NASDAQ: NXPL) Completes Merger and Business Combination with Progressive Care Inc.

NextPlat (NASDAQ: NXPL, NXPLW), a global e-commerce provider, today announced the completion of the proposed Merger Agreement and Plan Reorganization with Progressive Care Inc., a controlled subsidiary of the company, following shareholder approvals. Pursuant to this merger and business combination, Progressive Care has become a wholly owned subsidiary of NextPlat. As a result, Progressive Care’s common stock no longer trades on the OTCQB exchange, effective October 1, 2024.

“The completion of our merger and business combination with Progressive Care creates a unified company focused on generating continued growth in large domestic and global markets for healthcare services, technology and personal health and wellness. Through the first half of 2024, each of our business operations have successfully generated strong top-line growth and steadily improving operational performance, and through elimination of redundancies, business integration and the launch of new products planned throughout next year, we expect to produce continued improvements in our consolidated financial performance,” said Charles M. Fernandez, Executive Chairman and CEO of NextPlat.

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