NXPL News & Events

NextPlat announced that its Global Telesat Communications, or GTC, subsidiary continues to see strong demand for satellite-enabled Internet of Things, or IoT, hardware from leading providers including Globalstar and Iridium, receiving new orders valued at approximately $400,000 in support of an existing military end-user in Eastern Europe and a new customer in Asia. The new IoT orders follow the recent receipt of an $820,000 contract in support of a NATO military customer for the deployment of satellite-enabled terminals and related hardware. Through the Q1 of 2026, GTC has already received or secured new IoT product orders valued at over $1.2M as it continues to build momentum in response to growing connectivity requirements among government, defense and enterprise customers.

NextPlat Corp trading halted, news pending

NextPlat led an amendment to its amended and restated certicate of incorporation with the Secretary of State of the State of Nevada to effect a one-for-ten reverse stock split of its common stock. The reverse stock split will now take effect at 12:01 am ET on April 13 and the company's common stock will open for trading on Nasdaq on April 13 on a post-split basis, under the existing ticker symbol "NXPL" but with a new CUSIP number 68557F 308. As a result of the reverse stock split, every 10 shares of the company's common stock issued and outstanding prior to the opening of trading on April 13 will be consolidated into one issued and outstanding share, with no change in the nominal par value per share of 0.01c. As a result of the reverse stock split, the number of shares of common stock outstanding will be reduced from approximately 26.9M shares to approximately 2.7M shares, and the number of authorized shares of common stock will remain at 50M shares.

NextPlat 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 company's outstanding common stock from 27,026,215 shares to approximately 2,702,621 shares, subject to adjustment for fractional shares. The number of authorized shares of common stock and preferred stock under the company's amended and restated certificate of incorporation, as amended, will not be reduced in connection with the reverse stock split. The reverse stock split was previously approved by the company's stockholders at the special meeting of stockholders held on March 27, 2026, which authorized the Board of Directors to implement a reverse split. The Board determined that implementing the reverse split at this time is appropriate to regain compliance with the minimum bid price requirement for maintaining the listing of the company's common stock on The Nasdaq Capital Market and to broaden potential investor interest.