FAQ: NextPlat Corp's Nasdaq Extension for Minimum Bid Price Compliance
Summary
NextPlat Corp has received a 180-day extension from Nasdaq to regain compliance with the $1.00 minimum bid price requirement, giving the company until April 27, 2026 to meet the requirement for ten consecutive business days without affecting its current Nasdaq listing status.
What is the main announcement regarding NextPlat Corp?
NextPlat Corp has received an additional 180-calendar-day extension from Nasdaq to regain compliance with the $1.00 minimum bid price requirement under Listing Rule 5550(a)(2).
What is the new deadline for NextPlat to regain compliance?
The company now has until April 27, 2026 to achieve a closing bid price of at least $1.00 per share for ten consecutive business days.
Does this extension affect NextPlat’s current listing status on Nasdaq?
No, the extension does not affect the continued listing of NextPlat’s common stock on the Nasdaq Capital Market.
Why did Nasdaq grant this extension to NextPlat?
Nasdaq granted the extension after confirming the Company meets all other listing criteria and has indicated its intent to regain compliance, if necessary, through a reverse stock split.
What specific requirement must NextPlat meet to regain compliance?
NextPlat must achieve a closing bid price of at least $1.00 per share for ten consecutive business days by the April 27, 2026 deadline.
What is NextPlat Corp’s business focus?
NextPlat is a global consumer products and services company providing healthcare and technology solutions through e-Commerce and retail channels worldwide, including voice, data, tracking, IoT products, and pharmacy/healthcare data management services.
Where can investors find more information and updates about NextPlat?
The latest news and updates relating to NXPL are available in the company’s newsroom at https://ibn.fm/NXPL.
What trading symbols does NextPlat use on Nasdaq?
NextPlat trades on Nasdaq under the symbols NXPL and NXPLW.
What is the significance of this extension for NextPlat investors?
This extension provides NextPlat additional time to regain compliance without immediate risk of delisting, allowing the company to implement strategies like a reverse stock split if needed to maintain its Nasdaq listing.
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