Recent Updates — NXPL
NextPlat Corp completed the strategic acquisition of an independent pharmacy in the Pensacola area of northwest Florida for total cash consideration of $1,485,439. The acquired entity generated approximately $5.6 million in sales for the year ended December 31, 2025, and operated with a debt-free balance sheet and positive working capital. NextPlat intends to integrate the pharmacy into its PharmcoRx network to introduce high-margin contracted services, such as 340B medication fulfillment and long-term care support, to the underserved regional market. The acquisition is expected to contribute to growth in the fourth quarter of 2026. NextPlat Corp operates a global consumer products and services company providing healthcare and technology solutions through e-commerce and retail channels worldwide.
NextPlat Corp through its subsidiary Progressive Care, LLC entered into a Membership Interest Purchase Agreement to acquire 100% of Scott's Pharmacy, LLC for $1.5 million in cash. The target pharmacy, located in Molino, Florida, generated approximately $5.6 million in sales with 19% retail margins for the year ended December 31, 2025. NextPlat Corp is a global consumer products and services company providing healthcare and technology solutions through e-commerce and retail channels worldwide.
NextPlat Corp held its 2026 Annual Meeting on June 24, 2026, where stockholders approved all submitted proposals. The results included the election of six directors: Rodney Barreto, Douglas S. Ellenoff, Hector Delgado, David Phipps, Anthony Armas, and Lauren Sturges Fernandez. Additionally, shareholders ratified the appointment of RBSM LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2026, and approved the advisory compensation of named executive officers. A total of 1,685,403 shares, representing approximately 62.23% of the 2,708,507 shares outstanding as of the April 27, 2026 record date, participated in the vote. NextPlat Corp is a technology company providing digital payment solutions.