NextPlat Announces 1-for-10 Reverse Stock Split to Be Effective Prior to Market Open on April 13, 2026

NextPlat (NASDAQ: NXPL) announced a 1-for-10 reverse stock split effective at 12:01 AM ET on April 13, 2026.

Rhea-AI Summary

NextPlat (NASDAQ: NXPL) announced a 1-for-10 reverse stock split effective at 12:01 AM ET on April 13, 2026. Every ten pre-split shares will be consolidated into one post-split share, reducing outstanding shares from approximately 26.9 million to approximately 2.7 million.

The company's common stock will open for trading on The Nasdaq Global Market on April 13, 2026 on a post-split basis under the existing ticker NXPL and a new CUSIP 68557F 308. Fractional shares will be settled for cash in lieu; authorized shares remain at 50 million and par value stays at $0.0001.

Positive

• Outstanding shares reduced ~90% to ~2.7 million
• Ticker continuity preserved: trading continues as NXPL on Nasdaq

Negative

• Potential liquidity reduction due to ~90% fewer shares outstanding
• Fractional-share cash payments may create minor administrative impact for holders

Argus Apr 6 session

+9.38% close to close Open Argus

Details

News Market Reaction – NXPL

In the Apr 6 session, NXPL gained 9.38%, reflecting a notable positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The stock moved +9.4% in the session following this news. A strong positive reaction aligns with the...

Analysis

The stock moved +9.4% in the session following this news. A strong positive reaction aligns with the formalization of the 1-for-10 reverse split and clearer timing. The move followed prior disclosure of the split terms, where the earlier announcement saw only a -0.42% reaction. Investors evaluating sustainability could monitor how the reduced outstanding share count of about 2.7 million interacts with the existing $300,000,000 shelf capacity and any subsequent capital markets activity.

Key Figures

Reverse split ratio: 1-for-10 Pre-split outstanding shares: 26.9 million shares Post-split outstanding shares: 2.7 million shares +5 more

Reverse split ratio

1-for-10

Common stock reverse stock split

Pre-split outstanding shares

26.9 million shares

Common stock before reverse split

Post-split outstanding shares

2.7 million shares

Common stock after reverse split

Authorized shares

50 million shares

Authorized common stock unchanged by split

Par value per share

$0.0001

Nominal par value unchanged by split

Effective time

12:01 a.m. ET

Reverse split effective on April 13, 2026

Effective date

April 13, 2026

Post-split trading on Nasdaq Global Market

New CUSIP

68557F 308

CUSIP for post-split common stock

Previous Stock split Reports

1 past event · Latest: Mar 27

Same Type 1 event

1. Mar 27

   Reverse stock split

   24h Move

   -0.4%

   Announced 1-for-10 reverse stock split to reduce outstanding shares.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

reverse stock split, cusip

2 terms

reverse stock split financial

"to effect a one-for-ten (1:10) reverse stock split of its common stock."

A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.

cusip financial

"on a post-split basis, under the existing ticker symbol "NXPL" but with a new CUSIP number 68557F 308."

A CUSIP is a nine-character alphanumeric code that uniquely identifies a U.S. or Canadian financial security—such as a stock, bond, or fund share—like a Social Security number for an investment. It matters to investors because brokers, exchanges and record-keepers use the CUSIP to match trades, track ownership, settle transactions and pull accurate records, reducing errors and ensuring money and securities go to the right place.

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HALLANDALE BEACH, Fla., April 2, 2026 /PRNewswire/ -- NextPlat Corp (NASDAQ: NXPL, 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 it filed an amendment to its amended and restated certificate of incorporation with the Secretary of State of the State of Nevada to effect a one-for-ten (1:10) reverse stock split of its common stock. Following required notifications and receipt of approvals, the reverse stock split will now take effect at 12:01 am (Eastern Time) on April 13, 2026, and the Company's common stock will open for trading on The Nasdaq Global Market on April 13, 2026 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 ten (10) shares of the Company's common stock issued and outstanding prior to the opening of trading on April 13, 2026, will be consolidated into one issued and outstanding share, with no change in the nominal par value per share of $0.0001. No fractional shares will be issued if, as a result of the reverse stock split, a stockholder of record would become entitled to a fractional share because the number of shares of common stock they hold before the reverse stock split is not evenly divisible by the split ratio. Instead, each stockholder of record will be entitled to receive a cash payment in lieu of a fractional share.

As a result of the reverse stock split, the number of shares of common stock outstanding will be reduced from approximately 26.9 million shares to approximately 2.7 million shares, and the number of authorized shares of common stock will remain at 50 million shares.

About NextPlat Corp
NextPlat is a global consumer products and services company providing healthcare and technology solutions through e-Commerce and retail channels worldwide. Through acquisitions, joint ventures and collaborations, the Company seeks to assist businesses in selling their goods online, domestically, and internationally, allowing customers and partners to optimize their e-Commerce presence and revenue. NextPlat currently operates an e-Commerce communications division offering voice, data, tracking, and IoT products and services worldwide as well as pharmacy and healthcare data management services in the United States through its subsidiary, Progressive Care.

Forward-Looking Statements
Certain statements in this release constitute forward-looking statements. These statements include the capabilities and success of the Company's business and any of its products, services or solutions. The words "believe," "forecast," "project," "intend," "expect," "plan," "should," "would," and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors, including the Company's ability to launch additional e-commerce capabilities for consumer and healthcare products and its ability to grow and expand as intended, any of which could cause the Company to not achieve some or all of its goals or the Company's previously reported actual results, performance (finance or operating), including those expressed or implied by such forward-looking statements. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company's filings with the Securities and Exchange Commission (the "SEC"), copies of which may be obtained from the SEC's website at www.sec.gov. The Company assumes no, and hereby disclaims any, obligation to update the forward-looking statements contained in this press release.

Media and Investor Contact for NextPlat Corp:
Michael Glickman
MWGCO, Inc.
917-397-2272
mike@mwgco.net

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SOURCE NextPlat Corp.

FAQ

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What is the effective date of NextPlat's 1-for-10 reverse stock split (NXPL)?

The reverse stock split becomes effective at 12:01 AM ET on April 13, 2026. According to the company, trading on a post-split basis will begin on The Nasdaq Global Market on April 13, 2026 under the existing ticker NXPL.

How many NextPlat (NXPL) shares will be outstanding after the reverse split?

Outstanding shares will fall to approximately 2.7 million after the reverse split. According to the company, shares outstanding will be reduced from about 26.9 million to approximately 2.7 million following the 1-for-10 consolidation.

Will NextPlat (NXPL) change its ticker or CUSIP after the reverse split?

The ticker remains NXPL, but the company has a new CUSIP number 68557F 308. According to the company, post-split trading will use the existing ticker while the CUSIP will change for the consolidated shares.

How will NextPlat handle fractional shares from the 1-for-10 reverse split?

Fractional shares will not be issued; affected holders receive cash in lieu of fractional shares. According to the company, each stockholder entitled to a fractional share will instead receive a cash payment to settle fractional positions.

Does NextPlat's reverse split change the number of authorized shares or par value?

No, authorized shares and par value remain unchanged after the split. According to the company, authorized common shares stay at 50 million and the nominal par value per share remains $0.0001.