NextPlat Corp. Signs Material Definitive Agreement
Ticker: NXPLW · Form: 8-K · Filed: Dec 9, 2025 · CIK: 1058307
| Field | Detail |
|---|---|
| Company | Nextplat Corp (NXPLW) |
| Form Type | 8-K |
| Filed Date | Dec 9, 2025 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001, $52,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-definitive-agreement, corporate-actions
TL;DR
NextPlat just signed a big deal, filing an 8-K. Details to follow.
AI Summary
NextPlat Corp. entered into a Material Definitive Agreement on December 5, 2025. The filing also includes financial statements and exhibits related to this agreement. The company, formerly known as Orbsat Corp and Orbital Tracking Corp, is incorporated in Nevada and headquartered in Hallandale Beach, Florida.
Why It Matters
This filing indicates a significant new business development for NextPlat Corp., potentially impacting its future operations and financial performance.
Risk Assessment
Risk Level: medium — Material definitive agreements can introduce new risks or opportunities, and the specifics of this agreement are not yet detailed in the provided text.
Key Players & Entities
- NextPlat Corp (company) — Registrant
- Orbsat Corp (company) — Former company name
- Orbital Tracking Corp. (company) — Former company name
- December 5, 2025 (date) — Date of earliest event reported
- December 9, 2025 (date) — Filing date
FAQ
What is the nature of the Material Definitive Agreement entered into by NextPlat Corp?
The provided text states that NextPlat Corp. entered into a Material Definitive Agreement on December 5, 2025, but does not specify the details of the agreement.
When was this 8-K filing submitted to the SEC?
This 8-K filing was submitted to the SEC on December 9, 2025.
What were NextPlat Corp.'s previous names?
NextPlat Corp. was formerly known as Orbsat Corp and Orbital Tracking Corp.
In which state is NextPlat Corp. incorporated?
NextPlat Corp. is incorporated in Nevada.
What is the primary business address of NextPlat Corp?
The primary business address of NextPlat Corp. is 400 Ansin Blvd, Suite A, Hallandale Beach, FL 33009.
Filing Stats: 764 words · 3 min read · ~3 pages · Grade level 11.8 · Accepted 2025-12-09 16:29:55
Key Financial Figures
- $0.0001 — h registered Common Stock , par value $0.0001 NXPL The Nasdaq Stock Market, Inc.
- $52,000 — ill receive an annual consulting fee of $52,000. Barreto Group is also authorized to in
Filing Documents
- nxpl20251204_8k.htm (8-K) — 30KB
- ex_896737.htm (EX-10.1) — 30KB
- 0001437749-25-037261.txt ( ) — 208KB
- nxpl-20251201.xsd (EX-101.SCH) — 4KB
- nxpl-20251201_def.xml (EX-101.DEF) — 13KB
- nxpl-20251201_lab.xml (EX-101.LAB) — 17KB
- nxpl-20251201_pre.xml (EX-101.PRE) — 13KB
- nxpl20251204_8k_htm.xml (XML) — 4KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement. On December 5, 2025, NextPlat Corp (the "Company") and Barreto Group, Inc. ("Barreto Group") entered into a consulting agreement (the "Agreement") pursuant to which Barreto Group is engaged to provide business development and strategic consulting services to the Company and its wholly owned subsidiaries. Barreto Group is owned and controlled by Rodney Barreto, who serves as the Chairman of the Company's Board of Directors. The Agreement provides for an initial term of three years commencing on the effective date of December 1, 2025, with automatic one-year renewal terms thereafter unless either party provides written notice of non-renewal at least sixty days prior to the expiration of the then-current term. Under the Agreement, Barreto Group is to advise the Company on business development matters, including new contracts for the sale of goods or services and strategic transactions such as mergers, acquisitions, and licensing agreements, with duties and responsibilities as may be reasonably assigned by the Company's Chief Executive Officer or Board of Directors. Barreto Group is required to devote customary business hours to the Company and perform its duties in a competent and professional manner, while being permitted to engage in other non-competing business activities. As compensation for its services, Barreto Group will receive an annual consulting fee of $52,000. Barreto Group is also authorized to incur reasonable and necessary business expenses in the performance of its duties, which will be reimbursed by the Company upon submission of appropriate documentation, subject to approval by the Board of Directors. The Agreement may be terminated immediately upon the disability or death of Rodney Barreto, with the Company's obligations limited to payment of consulting fees earned through the date of termination or as otherwise required by law. The Agreement was approved by a majority of the disinterested
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1 Consulting Agreement, dated as of December 1, 2025, by and between NextPlat Corp and Barreto Group, Inc. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities and 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/ David Phipps Name: David Phipps Title: Chief Executive Officer Dated: December 9, 2025