NextPlat sets 1-for-10 reverse stock split effective April 13 By Investing.com

NodeGuardian · 2026-04-11T17:52:10+00:00

NextPlat Corp is set for a one-for-ten reverse stock split on April 13, 2026, reducing outstanding shares from 26.9 million to around 2.7 million. The company faces financial difficulties, with a recent 28% drop in share price and an 18% revenue decline in 2025.

NodeGuardian

2026-04-11 17:52:10

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NextPlat Corp (NASDAQ:NXPL) will implement a one-for-ten reverse stock split, effective April 13, 2026, consolidating every ten shares into one. This move aims to reduce outstanding shares from 26.9 million to approximately 2.7 million while the par value remains unchanged. The company’s shares are currently trading at $0.45, having declined 28% in the last week and 53% over six months, reflecting recent financial challenges including an 18% revenue decline in 2025.

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