Core Points - NextPlat Corp has received shareholder approval for the Business Combination with Progressive Care Inc, with the anticipated closing date set for October 1, 2024 [1][2][3] Group 1: Business Combination Details - The Business Combination will result in Progressive Care becoming a wholly-owned subsidiary of NextPlat, with Progressive Care shareholders receiving 1.4865 shares of NextPlat common stock for each share of Progressive Care they own [4] - The exchange of shares will be automatic for shares held in brokerage and retirement accounts, while shareholders with physical stock certificates are advised to contact NextPlat's transfer agent for instructions [4] Group 2: Shareholder Meeting Outcomes - All proposals presented at the Special Annual Meeting of Stockholders on September 13, 2024, were approved, including the Business Combination and the election of eight Board nominees [2][1] - The meeting also ratified the appointment of RBSM LLP as the independent registered public accounting firm for the year ending December 31, 2024 [1] Group 3: Company Overview - NextPlat Corp operates as a global e-commerce platform, focusing on high-growth sectors such as technology and healthcare, and aims to enhance online sales for businesses [6] - Progressive Care Inc. provides a range of health services, including Third-Party Administration, COVID-19 diagnostics, and telepharmacy services, and became a subsidiary of NextPlat on July 1, 2023 [7]
NextPlat Announces Results of Annual Meeting of Stockholders