false 0001058307 0001058307 2024-10-29 2024-10-29 0001058307 nxpl:CommonStockCustomMember 2024-10-29 2024-10-29 0001058307 nxpl:WarrantsCustomMember 2024-10-29 2024-10-29
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
 
FORM 8-K
 
CURRENT REPORT
 
PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
 
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): October 15, 2024
 
NEXTPLAT CORP
(Exact Name of Registrant as Specified in its Charter)
 
Nevada
  
001-40447
  
65-0783722
(State or Other Jurisdiction
of Incorporation or Organization)
  
(Commission
File No.)
  
(I.R.S. Employer
Identification No.)
 
3250 Mary St., Suite 410
Coconut Grove, FL 33133
(Address of principal executive offices and zip code)
 
(305) 560-5355
(Registrant’s telephone number, including area code)
 
(Former name or former address, if changed from last report)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
 
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
 
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
 
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
 
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-14(c)).
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
 
Emerging growth company ☐
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
 
Securities registered pursuant to Section 12(b) of the Act:
 
Title of each class
  
Trading Symbol (s)
  
Name of each exchange on which registered
Common Stock, par value $0.0001
  
NXPL
  
The Nasdaq Stock Market, Inc.
Warrants
  
NXPLW
  
The Nasdaq Stock Market, Inc.
 
 
 
 
 
Item 8.01. Other Events
 
On October 15, 2024, NextPlat Corp (the “Company”) settled its ongoing lawsuit with Mr. Thomas Seifert, the Company’s former Chief Financial Officer. Under the terms of the settlement, the Company agreed to pay to Mr. Seifert $150,000 and to reimburse him for legal costs in the amount of $600,000. In exchange, the Company and Mr. Seifert each agreed to dismiss the lawsuit with prejudice and to release the other party from all claims.
 
2
 
 
SIGNATURE
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
NEXTPLAT CORP.
     
 
By:
/s/ Charles M. Fernandez
 
Name:
Charles M. Fernandez
 
Title:
Executive Chairman and Chief Executive Officer
     
Dated: October 29, 2024
    
 
3
v3.24.3
Document And Entity Information
Oct. 29, 2024
Document Information [Line Items]  
Entity, Registrant Name NEXTPLAT CORP
Document, Type 8-K
Document, Period End Date Oct. 15, 2024
Entity, Incorporation, State or Country Code NV
Entity, File Number 001-40447
Entity, Tax Identification Number 65-0783722
Entity, Address, Address Line One 3250 Mary St., Suite 410
Entity, Address, City or Town Coconut Grove
Entity, Address, State or Province FL
Entity, Address, Postal Zip Code 33133
City Area Code 305
Local Phone Number 560-5355
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Entity, Emerging Growth Company false
Amendment Flag false
Entity, Central Index Key 0001058307
CommonStock Custom [Member]  
Document Information [Line Items]  
Title of 12(b) Security Common Stock
Trading Symbol NXPL
Security Exchange Name NASDAQ
Warrants Custom [Member]  
Document Information [Line Items]  
Title of 12(b) Security Warrants
Trading Symbol NXPLW
Security Exchange Name NASDAQ
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