NextPlat Corp (NASDAQ: NXPL, NXPLW) announced on March 27, 2026, that its Board of Directors has approved a 1-for-10 reverse stock split of the company's issued and outstanding common stock. This decision comes as part of the company's strategy to regain compliance with Nasdaq's minimum bid price requirement. The reverse stock split is set to take effect at 12:01 a.m. Eastern Time on April 6, 2026, with trading on a split-adjusted basis beginning on the Nasdaq Capital Market on the same day. Following the split, the number of shares outstanding will decrease from approximately 27 million to about 2.7 million shares, which is expected to enhance the company's stock price and broaden potential investor interest. The reverse stock split was approved by shareholders during a special meeting held on the same day, where approximately 57.5% of the outstanding shares voted in favor of the proposal. The company aims to improve its market position and attract more investors through this strategic move. The new CUSIP number for the common stock post-split will be 68557F308. NextPlat is a global consumer products and services company that provides healthcare and technology solutions through e-commerce and retail channels worldwide. The company is optimistic that this action will positively impact its stock performance and overall market perception.

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