NextPlat approves 1-for-10 reverse stock split; shares outstanding drop to about 2.7 million

Reuters

Mar 28

<a href="https://laohu8.com/S/NXPL">NextPlat</a> approves 1-for-10 reverse stock split; shares outstanding drop to about 2.7 million

NextPlat approved a 1-for-10 reverse stock split that is expected to take effect at 12:01 a.m. ET on April 6, 2026.
Split-adjusted trading is expected to begin on Nasdaq on April 7, 2026 under the ticker NXPL.
The company said the reverse split will reduce outstanding common shares to about 2,702,621 from 27,026,215.
NextPlat said fractional shares will be cashed out and the number of authorized shares will not change.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. NextPlat Corporation published the original content used to generate this news brief via PR Newswire (Ref. ID: 202603271724PR_NEWS_USPR_____FL21632) on March 27, 2026, and is solely responsible for the information contained therein.

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