NextPlat Executes 1-for-10 Reverse Split Cutting Shares to 2.7M on April 13
NextPlat will implement a one-for-ten reverse stock split of its common stock at 12:01 am ET on April 13, 2026, consolidating approximately 26.9 million outstanding shares into about 2.7 million shares. No change to the $0.0001 par value will occur and fractional shares will be paid out in cash.
1. Reverse Stock Split Implementation
NextPlat filed an amendment to its certificate of incorporation in Nevada to effect a one-for-ten reverse split of its common stock, effective at 12:01 am Eastern Time on April 13, 2026. This action consolidates every ten shares into one, aiming to adjust the share structure ahead of market open.
2. Trading Details and CUSIP Change
Post-split, the company’s common stock will continue trading on The Nasdaq Global Market under the existing NXPL ticker but with a new CUSIP number 68557F308. Investors will see adjusted share balances when trading begins on the post-split basis.
3. Share Count, Par Value, and Fractional Shares
Outstanding shares will decrease from approximately 26.9 million to about 2.7 million, while authorized shares remain at 50 million and the $0.0001 par value per share stays unchanged. Stockholders entitled to fractional shares will receive a cash payment in lieu rather than fractional equity.
4. Corporate Context
NextPlat is a global consumer products and services firm offering healthcare and technology solutions through e-commerce and retail channels. The reverse split aligns the company’s capital structure with its strategic growth and Nasdaq listing requirements.