Brief: NextPlat Announces Proposed Business Combination With Progressive Care

Progressive Care

12/04/2024 15:19

April 12 (Reuters) - NextPlat Corp  NXPL.O :
    * NEXTPLAT ANNOUNCES PROPOSED BUSINESS COMBINATION WITH
PROGRESSIVE CARE INC.
    * NEXTPLAT CORP - TRANSACTION EXPECTED TO PROVIDE REVENUE
SYNERGIES AND SIGNIFICANT INITIAL ANNUAL OPERATING COST
REDUCTIONS
    * NEXTPLAT CORP: UNDER TERMS OF AGREEMENT, A WHOLLY OWNED
SUBSIDIARY OF CO WILL MERGE WITH AND INTO PROGRESSIVE CARE
    * NEXTPLAT CORP: UNDER AGREEMENT, MERGER SUB WILL SURVIVE AS
A
WHOLLY OWNED SUBSIDIARY OF NEXTPLAT AND BE RENAMED PROGRESSIVE
CARE LLC
    * NEXTPLAT CORP: UPON CLOSING MERGER, PROGRESSIVE CARE
SHAREHOLDERS WILL RECEIVE NEWLY ISSUED, REGISTERED SHARES OF
NEXTPLAT'S COMMON STOCK

Source text for Eikon:  ID:nPn3TcgWma 
Further company coverage:  NXPL.O 

 ((Reuters.Briefs@thomsonreuters.com;))