Ultime notizie per Progressive Care Inc (OTC:RXMD) Azioni

Progressive Care Inc

Progressive Care reports Q3 results

Progressive Care (RXMD) has issued an update. The Company has released its financial outcomes for the year ending December 31, 2023, with the detai...

Progressive Care Announces Year-End Financial Results

NextPlat announces proposed business combination with Progressive Care

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
NextPlat (NASDAQ:<a href="https://investorplace.com/stock-quotes/nxpl-stock-quote/">NXPL</a>) stock is up on Friday after the mobile satellite services company proposed a merger with its <a href="https://finance.yahoo.com/news/nextplat-announces-proposed-business-combination-124100049.html">majority-owned subsidiary</a> Progressive Care (OTCQB:<a href="https://investorplace.com/stock-quotes/rxmd-stock-quote/">RXMD</a>).



NextPlat will use a wholly-owned subsidiary to combine with Progressive Care, which will result in it surviving the merger but switching to the Progressive Care name. The deal will see RXMD shareholders issued new shares of NXPL stock. The ratio values RXMD at $2.20 each.



NextPlat&nbsp;executive chairman and CEO Charles Fernandez said the following about the merger plan.




&ldquo;As a result of this business combination, we expect to quickly realize an array of valuable synergies from additional top-line growth to improved bottom-line profitability. These benefits include the ability to expand Progressive Care&rsquo;s consumer offerings with new OTC products such as our soon-to-be-launched Florida Sunshine brand of premium-grade vitamins and dietary supplements, and significant combined annual cost reductions resulting from the elimination of complexities and redundant public company legal and accounting expenses.&rdquo;




<h2>Details of the NXPL Stock Merger</h2>



Investors will note that the support has the approval from both companies&rsquo; Boards of Directors. It&rsquo;s also worth mentioning that NextPlat executives and Board members own a combined 53% stake in Progressive Care.



NextPlat now just needs approval from regulators to move forward with its combination with Progressive Care. This has it expecting the merger to close in the third quarter of 2024.



NXPL stock is up 33.8% on Friday with more than 35 million shares traded. That&rsquo;s well above its daily average trading volume of about 12,700 shares.



Investors looking for more of the most recent stock market stories are in luck!



We have all of the hottest stock market news traders need to know about on Friday! Among that is why shares of JPMorgan Chase&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/jpm-stock-quote/">JPM</a>), Applied Digital&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/apld-stock-quote/">APLD</a>) and Motus GI&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/mots-stock-quote/">MOTS</a>) stock is moving today. You can catch up on all of this news down below!



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</ul>On Penny Stocks and Low-Volume Stocks:&#8239;With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That&rsquo;s because these &ldquo;penny stocks&rdquo; are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that&#8239;InvestorPlace.com&rsquo;s writers disclose this fact and warn readers of the risks.



Read More:&#8239;Penny Stocks &mdash;&nbsp;<a href="https://investorplace.com/2014/05/fraud-penny-stocks-scams/" target="_blank">How to Profit Without Getting Scammed</a>



On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
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	The post <a href="https://investorplace.com/2024/04/why-is-nextplat-nxpl-stock-up-34-today/">Why Is NextPlat (NXPL) Stock Up 34% Today?</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Why Is NextPlat (NXPL) Stock Up 34% Today?

Progressive Care (RXMD) has shared an announcement. Progressive Care Inc. has entered into a significant merger with NextPlat Corp, marking a strat...

Progressive Care's Strategic Merger with NextPlat to Reshape Healthcare

An update from Progressive Care (RXMD) is now available. Unveiling its financial achievements, the Company recently published an Earnings Press Rel...

Progressive Care Releases Q1 2024 Financial Highlights

Progressive Care reports Q1 results

Progressive Care reports Q2 results

Progressive Care (RXMD) has issued an announcement. Progressive Care Inc. has recently shared its financial results for the second quarter of the y...

Progressive Care Releases Q2 Financial Results Update

APLD

MOTS

NXPL

RXMD

Small Cap

Press Releases

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates HIBB, MCBC, RXMD

NEXTPLAT INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Merger of NextPlat Corp - NXPL

Earnings

NextPlat Reports Record Consolidated Q1 2024 Revenues of $17.5 Million Compared to $2.9 Million in Q1 2023 (508% Increase) as Quarterly Margins Improve to 27.5%

Progressive Care Inc. Announces Record First Quarter 2024 Revenues of $14.6 Million, an Increase of 28% Over First Quarter 2023 Results

Global Telesat Begins Sales of SpaceX's Starlink as Authorized Reseller Through Joint Venture Agreement with Pivotel Solutions Inc. (dba Pulsar)

NextPlat Expands E-Commerce Program in China to Include Broad Retail Distribution and Adds Digital/Social Media Marketing Capabilities with New Marketing Partner

Progressive Care Inc. Announces Second Quarter 2024 Revenues of $13.5 Million, an Increase of 17% as Gross Margin Expands to 35%

NextPlat Reports 474% Increase in Consolidated Q2 Revenues to $17 Million and Record 34.2% Quarterly Margins; $70 Million in 2024 Annual Revenues Expected

Comments

Progressive Care Inc

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Ultime notizie per Progressive Care Inc (OTC:RXMD) Azioni

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BENZINGA NEL MONDO