NextPlat Corp. Announces 1-for-10 Reverse Stock Split

NextPlat Corp. has filed an amended and restated certificate of incorporation to effect a 1-for-10 reverse stock split, which will become effective on April 13, 2026. This action will reduce the number of outstanding common shares from approximately 26.9 million to 2.7 million, while the number of authorized shares remains 50 million. The par value per share remains $0.0001. Fractional shares will be settled in cash. The company expects its common stock to trade on a split-adjusted basis on The Nasdaq Capital Market starting April 13, 2026, under the existing ticker symbol "NXPL." This reverse stock split is intended to increase the market price per share of the common stock.