NXPL - Why NextPlat Shares Are Skyrocketing Today | Benzinga
NextPlat Corp (NASDAQ:NXPL) shares are skyrocketing on Friday.
The company entered into a definitive business combination agreement with its majority-owned subsidiary Progressive Care Inc.
According to the business combination agreement, a NextPlat subsidiary will merge with Progressive Care, with the Merger Sub surviving as a wholly owned subsidiary of NextPlat and be renamed Progressive Care LLC.
Upon closing the merger, Progressive Care shareholders will receive newly issued, registered shares of NextPlat’s common stock.
The exchange ratio of NextPlat shares to be ...