Progressive Care Inc (QB) (RXMD) Quote

Tuesday week
9 days......

Companies that want to list on the Nasdaq, on the other hand, are required to have 1.25 million public shares held by at least 550 shareholders with a collective market value of $45 million.

Staypuff, the reverse and equity raise is a distinct possibility, but taking it private wouldn't make sense. They would lose access to the equity markets, and at that point, they would have to raise money through traditional borrowing. Very hard to get a loan, when you're not showing a profit.

Plus it's the weekend. Wow. Everyone enjoy.

They didn’t need to go thru any of this to do that. They could have just taken it private before any merger. Either way there would be serious consequences because of the litigation.
Just don’t see it happening and I certainly am not listening to a disgruntled employee.

No just going off that post from Armen some time back. Anything is possible with this gang. I wouldn’t think that would be the case and hope not as I try to recoup my massive losses right now. They definitely have the power to do it with their ownership but the legal implications would be coming from all directions

They aren’t taking it private. Do you know something or are you just assuming that’s the plan??

I agree with your WOW!!

OH WOW

WOW

Are you surprised? Unfortunately I don’t really foresee much changing here. I just hope they don’t combine and then reverse, let the price die again then take it private and completely wipe us out once and for all

Now what ? no news , no PR , no trade, all just wait for closing ?

Thanks for reminding me, I have to let the kids know there wont be any presents again because of the share price debacle.

You sound giddy, like you did just before Christmas Day years ago. Don’t worry Turbo, I’m feeling it too.

10 days until the merger. Yippee

Haha. Hmmmm

Just ridiculous. The funny thing is it doesn’t matter what the Rxmd share price is. On October 1st the conversion will be based on Nxpl’s share price times 1.48.

I have my suspicion. 😆

Who in there right mind sells 400 shares when NXPL conversion price is worth $2.17.

Nice indeed James

Yep. Saw that

Wait what???

I guess it’s socially to say this now. Dumb ole me got roasted for suggesting this. We got hosed and I doubt they are done yet.

Nice 10689 share buy after hrs of NXPL shares at 1.53

This board has quite literally been saying that for years….

I'm thinking that was only to hold the RXMD share price down. Guess we will see.

Not counting on it. They seem to always take out the net income potential with the non cash items. Always just big enough to wipe out positive income.

It will be exciting when it shows a net profit. That should be on the horizon.

We certainly shall see

The same reason that the market didn’t care that rxmd was a $60mm company. A company that has never turned a profit is taking over a company that has barely ever turned a profit. There isn’t anything exciting about it.

Ding, ding, ding

Well the $1 million questions remains, now that we’re a part of NextPlat, now what?

Do things finally start moving into motion or do we get continued silence as they keep collecting interest on all of their cash in the bank.

Actually down only .68% now. Why wouldn't the market care when NXPL becomes a 60 million $ company on October 1st. Seems to me there will be much more to NXPL

Depends on if and why anyone would value rxmd any higher than its current market cap, just because it is a new ticker…. If nxpl is issuing new shares for the purchase then technically couldn’t the nxpl share price stay the same as it currently is and the market cap increase only by the new amount of shares added? I dont See the market caring at all, if they did, they would already be buying nxpl, which is down 5% today

Nothing is going to happen to the price if they don’t start talking and tell future expectations and goals.

I hope too, and someone who is savy enough to target one new 340B contract each month. That will be their near term cash cow and increase the 35% profit margin up to 40-45%.

I know this isn't going to happen, but what if Shital Mars was brought in to run the company 😆 😂 😅

That would be so awesome!!!

Whoever it is I hope they are shareholder-friendly.

I’m going to speculate a little about Armen being so negative. Now that Progressive is a subsidiary, they need a president to run the company and he wasn’t chosen. Imo

Almost everyone know that. Now all we want the combine company will be as normal as desire . And helpfully the rxmd (good ) marry the bad equals good. LOL

NXPL News - Jervis Hough, Director, Form 3 Filed. Initial Statement of Beneficial Ownership of Securities

So would you then not agree that NXPL share price should now be considerably higher.

Many more reasons why this share price has been dying. Exposure is only one of them. This share price was, in my opinion, tanked intentionally for this merger. It has been consistently walked down for over a year

Thanks for posting the 8-k

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): September 13, 2024

NEXTPLAT CORP
(Exact Name of Registrant as Specified in its Charter)

Nevada

001-40447

65-0783722
(State or Other Jurisdiction
of Incorporation or Organization)

(Commission
File No.)

(I.R.S. Employer
Identification No.)

3250 Mary St., Suite 410
Coconut Grove, FL 33133
(Address of principal executive offices and zip code)

(305) 560-5355
(Registrant’s telephone number, including area code)

(Former name or former address, if changed from last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

?
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)


?
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)


?
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))


?
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-14(c)).

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ?

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ?

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol (s)

Name of each exchange on which registered
Common Stock, par value $0.0001

NXPL

The Nasdaq Stock Market, Inc.
Warrants

NXPLW

The Nasdaq Stock Market, Inc.





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 terms of the Merger Agreement pursuant to Nasdaq Listing Rule 5635(a) was as follows:

Votes For Votes Against Abstentions
11,908,525 70,324 6,729


3.
Election of Directors Proposal. The vote to elect eight Board nominees to the NextPlat Board, each to serve until the next annual meeting of stockholders of NextPlat, or until such person’s successor is elected and qualified was as follows:

Nominee Votes For Votes Against Abstentions
Charles M. Fernandez 11,931,646 49,113 4,819
Douglas S. Ellenoff 11,880,577 51,518 53,483
Rodney Barreto
11,900,007 50,553 35,018
Louis Cusimano 11,861,563 60,185 63,830
Hector Delgado 11,931,506 45,933 8,139
David Phipps 11,908,700 45,395 31,483
Jervis Hough 11,924,944 52,495 8,139
Anthony Armas 11,929,921 47,518 8,139

2



4.
Appointment of Independent Registered Public Accounting Firm Proposal. The vote to ratify the appointment of RBSM LLP as the NextPlat’s independent registered public accounting firm for the year ending December 31, 2024 was as follows:

Votes For Votes Against Abstentions
14,926,602 135,005 16,279


5.
Compensation of Named Executives Proposal. The vote to approve, on an advisory basis, the compensation of NextPlat’s named executive officers as disclosed in this joint proxy statement/prospectus was as follows:

Votes For Votes Against Abstentions
11,877,579 57,326 50,673


6.
Adjournment Proposal. The vote to authorize the adjournment of the Annual Meeting if necessary, under certain circumstances, including for the purpose of soliciting additional proxies in favor of the foregoing proposals in the event NextPlat does not receive the requisite stockholder vote to approve the other proposals was as follows:

Votes For Votes Against Abstentions
14,575,603 477,900 24,383


3


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.

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

It is my hope that people / entities were side lined waiting for a nasdaq listed company. Like I said before, the people asked for it, and theyre getting it. We shall see what happens.

Maybe we start getting more exposure through Nxpl

I agree, this whole ordeal is dying from lack of exposure to the trading public.

Thanks Garrox

Hit this doobie man

That would be fantastic.

Yes it is, but I hope news starts pouring out before then. A shareholder vision report would be an excellent start.