NextPlat Corp Receives Nasdaq Notification Regarding Minimum Bid Requirements

Core Viewpoint - NextPlat Corp has received a notice from Nasdaq indicating non-compliance with the minimum bid price requirement, as its closing bid price has been below $1.00 for 30 consecutive business days [1][2]. Compliance Period - The company has been granted a 180-calendar day compliance period until October 27, 2025, to regain compliance by maintaining a closing bid price of at least $1.00 for 10 consecutive business days [2]. - If compliance is not achieved by the deadline, NextPlat may qualify for a second 180-calendar day compliance period, provided it meets other listing requirements [3]. Company Response - The Executive Chairman and CEO of NextPlat stated that the company is actively addressing challenges in drug pricing and tariff escalations, while also working to reduce operating expenses and improve business efficiency [4]. - The company plans to monitor its stock price and explore options to regain compliance during the compliance period [4]. Company Overview - NextPlat is a global e-commerce platform focused on high-growth sectors, including technology and healthcare, and aims to assist businesses in optimizing their online sales [6]. - The company operates an e-commerce communications division and provides pharmacy and healthcare data management services through its subsidiary, Progressive Care LLC [6].