NextPlat Corp. Files 8-K with Shareholder Votes and Exhibits
Ticker: NXPLW · Form: 8-K · Filed: Sep 17, 2024 · CIK: 1058307
| Field | Detail |
|---|---|
| Company | Nextplat Corp (NXPLW) |
| Form Type | 8-K |
| Filed Date | Sep 17, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 8-K, corporate-actions, filing
Related Tickers: NXPL
TL;DR
NextPlat (NXPL) filed an 8-K detailing shareholder votes and financial exhibits from Sept 13th.
AI Summary
NextPlat Corp. filed an 8-K on September 17, 2024, reporting on matters submitted to a vote of security holders and other events. The filing includes financial statements and exhibits, with the earliest event reported on September 13, 2024. The company, formerly known as ORBSAT CORP, is incorporated in Nevada and operates in the telecommunications sector.
Why It Matters
This 8-K filing provides updates on significant corporate actions, including shareholder votes and financial disclosures, which are crucial for investors to assess the company's current status and future direction.
Risk Assessment
Risk Level: medium — 8-K filings can contain significant corporate news, but this specific filing appears to be procedural and informational, without immediate major financial implications disclosed.
Key Players & Entities
- NextPlat Corp (company) — Registrant
- ORBSAT CORP (company) — Former Company Name
- Orbital Tracking Corp. (company) — Former Company Name
- Great West Resources, Inc. (company) — Former Company Name
- September 13, 2024 (date) — Date of Earliest Event Reported
- September 17, 2024 (date) — Date of Report
FAQ
What specific matters were submitted to a vote of NextPlat Corp.'s security holders?
The filing indicates that matters were submitted to a vote of security holders, but the specific details of these matters are not elaborated upon in the provided text.
What is the significance of the 'Other Events' section in this 8-K filing?
The 'Other Events' section typically covers material events that the company deems important enough to report to the SEC, but the specific events are not detailed in the provided excerpt.
When was NextPlat Corp. incorporated, and in which state?
NextPlat Corp. was incorporated in Nevada.
What were the previous names of NextPlat Corp.?
NextPlat Corp. was formerly known as ORBSAT CORP, Orbital Tracking Corp., and Great West Resources, Inc.
What is the primary business of NextPlat Corp. according to its SIC code?
NextPlat Corp.'s Standard Industrial Classification (SIC) code is 4813, which corresponds to TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE).
Filing Stats: 1,018 words · 4 min read · ~3 pages · Grade level 10.2 · Accepted 2024-09-16 17:37:39
Key Financial Figures
- $0.0001 — h registered Common Stock , par value $0.0001 NXPL The Nasdaq Stock Market, Inc.
Filing Documents
- nxpl20240913_8k.htm (8-K) — 45KB
- ex_724440.htm (EX-99.1) — 11KB
- logo.jpg (GRAPHIC) — 3KB
- 0001437749-24-029319.txt ( ) — 206KB
- nxpl-20240913.xsd (EX-101.SCH) — 4KB
- nxpl-20240913_def.xml (EX-101.DEF) — 13KB
- nxpl-20240913_lab.xml (EX-101.LAB) — 17KB
- nxpl-20240913_pre.xml (EX-101.PRE) — 13KB
- nxpl20240913_8k_htm.xml (XML) — 4KB
07. Submission of Matters to a Vote of Security Holders
Item 5.07. Submission of Matters to a Vote of Security Holders. On September 13, 2024, NextPlat Corp (the "Company") held its 2024 Annual Meeting (the "Annual Meeting"). At the Annual Meeting, the business combination pursuant to which Progressive Care Inc., a controlled subsidiary of the Company ("Progressive Care"), would become a wholly-owned subsidiary of the Company, was approved, each director nominee was elected, and each other matter submitted to a vote of the Company's stockholders at the Annual Meeting, as described below, was approved by the requisite vote of the Company's stockholders. A playback of the Annual Meeting can be found at www.virtualshareholdermeeting.com/NXPL2024 . The number of shares of common stock that voted on matters presented at the Annual Meeting was 15,077,886, representing approximately 79.47% of the 18,973,146 shares outstanding as of July 29, 2024, the record date for the Annual Meeting. The final voting results for each of the proposals submitted to a vote of the stockholders of the Company at the Annual Meeting are set forth below. The proposals are described in detail in the Company's Joint Proxy Statement/Prospectus filed with the U.S. Securities and Exchange Commission (the "SEC") on August 2, 2024 (the "Proxy Statement/Prospectus") and are incorporated herein by reference. 1. Business Combination Proposal . The vote to consider and vote upon a proposal to approve and adopt the Merger Agreement and Plan of Reorganization, dated as of April 12, 2024 (the "Merger Agreement"), by and among the Company, Progressive Care LLC, a Nevada limited liability company and wholly-owned subsidiary of the Company ("Merger Sub"), and Progressive Care and the transactions contemplated thereby, was as follows: Votes For Votes Against Abstentions 11,942,853 41,054 1,671 2. Nasdaq Proposal . The vote to approve the issuance of more than 20% of the issued and outstanding shares of NextPlat Common Stock in connection with the t
01 Other Events
Item 8.01 Other Events. On September 16, 2024, the Company issued a press release announcing the results of the Company's 2024 Annual Meeting of the stockholders held on September 13, 2024. A copy of the press release is attached to this Current Report on Form 8-K as Exhibit 99.1 and is incorporated by reference herein.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. Exhibits. Exhibit No. Description 99.1 Press Release dated September 16, 2024 104 Cover Page Interactive Data File (formatted as Inline XBRL) 4 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. NEXTPLAT CORP. By: /s/ Charles M. Fernandez Name: Charles M. Fernandez Title: Executive Chairman and Chief Executive Officer Dated: September 16, 2024 5