NextPlat Corp SEC Filings

NextPlat Corp has filed a shelf registration to offer up to $300,000,000 of common stock, preferred stock, debt securities, warrants and units. These securities may be sold from time to time in one or more offerings, with final terms set in separate prospectus supplements, and net proceeds are expected to be used for working capital and general corporate purposes.

The company operates two main businesses: global e-commerce operations focused on satellite-based communications products and platforms, and healthcare operations delivered through Progressive Care, which provides pharmacy, data analytics and healthcare technology services. Recent acquisitions include Outfitter Satellite, Inc. in 2024 to expand U.S. satellite connectivity services and Progressive Care, LLC, now a wholly owned subsidiary. As of December 10, 2025, NextPlat reported a public float of approximately $9.5 million based on 15,074,825 common shares held by non-affiliates at $0.63 per share, and it has a history of net losses and an accumulated deficit, with risk factors highlighting potential stock price volatility and dilution from future equity issuance.

NextPlat Corp filed a current report describing that it has issued a press release announcing its financial results for the quarter ended September 30, 2025. The company notes that this press release is furnished as Exhibit 99.1 to the report and relates to its results of operations and financial condition.

The report clarifies that the information provided under Item 2.02 and in the exhibit is furnished rather than filed, meaning it is not automatically subject to certain liability provisions under U.S. securities laws unless specifically incorporated into other filings. NextPlat’s common stock and warrants continue to trade on The Nasdaq Stock Market under the symbols NXPL and NXPLW, respectively.

NextPlat Corp (NXPL) reported an insider transaction by Director Hector Delgado. On 10/15/2025, 30,000 shares of common stock were acquired at a reported price of $0, increasing his beneficial ownership to 54,599 shares.

The shares are held indirectly through Trident Warfare LLC. The filing notes Mr. Delgado is the manager of Trident Warfare LLC and has voting and dispositive power over the reported shares.

NextPlat Corp reported a narrower quarterly loss while revenue declined. For the three months ended September 30, 2025, revenue was $13.8 million versus $15.4 million a year ago, driven by lower Healthcare segment sales, including a drop in 340B contract revenue. Net loss was $2.2 million compared with $7.7 million last year, and basic and diluted loss per share improved to $0.08 from $0.22.

Gross profit was $2.7 million (down from $3.6 million), as e‑Commerce contributed $3.7 million and Healthcare contributed $10.1 million of revenue. Operating expenses decreased year over year without last year’s impairment and higher professional fees. Results include a $250,000 loss on settlement of litigation recognized this quarter.

Cash was $13.9 million as of September 30, 2025 (from $20.0 million at December 31, 2024), with net cash used in operating activities of $5.8 million for the nine‑month period. Total assets were $30.0 million. Under its $2.0 million share repurchase program, the company repurchased approximately $0.1 million year to date; 26,304,987 common shares were outstanding as of November 10, 2025 (excluding 130,549 held as treasury stock).

NextPlat Corp (NXPL) insider activity: A company director reported acquiring 20,000 shares of common stock on 10/15/2025 under transaction code “A” (acquisition). The shares were acquired at $0 per share, and the director’s holdings after the transaction were 145,000 shares, reported as directly owned.

This Form 4 reflects an insider equity acquisition, which records changes in insider ownership without indicating any sale or cash proceeds.

NextPlat Corp (NXPL) director Anthony Armas reported an insider transaction on 10/15/2025. He acquired 30,000 shares of common stock at $0, recorded as an “A” (acquisition) code. The shares are held indirectly through Apollo Two MSO LLC, bringing his indirect beneficial ownership to 90,566 shares. The filing notes Mr. Armas is the sole member and managing partner of Apollo Two MSO LLC with voting and dispositive power over the reported shares.

NextPlat Corp reported that Nasdaq granted a second 180‑day grace period to regain the minimum bid price requirement. The new deadline is April 27, 2026, during which the company must have a closing bid of at least $1.00 for a minimum of 10 consecutive business days (which Nasdaq may extend to 20 days) to cure the deficiency.

The determination was based on NextPlat meeting all other initial listing standards and notifying Nasdaq that it intends to pursue a reverse stock split if needed. The company’s common stock will continue to trade on the Nasdaq Capital Market while it works toward compliance.

NextPlat Corp (NXPL) disclosed that its Chief Financial Officer, Amanda Ferrio, filed a Form 3 initial statement of beneficial ownership. The filing states no securities are beneficially owned. The event date is 10/13/2025, and the form indicates it was filed by one reporting person in the capacity of Chief Financial Officer.

NextPlat Corp announced a leadership change in finance. On October 13, 2025, Chief Financial Officer Cecile Munnik stepped down and will assist during a transition, including through the filing of the quarterly report for the period ended September 30, 2025.

The Board appointed Amanda L. Ferrio as Chief Financial Officer effective immediately. Ferrio, 37, has led accounting and finance at the company’s Progressive Care subsidiary since 2022 and brings over 15 years of experience. Her annual base salary was set at $225,000. The company reported no related-party or selection arrangements. A press release dated October 14, 2025 announces the appointment.