NextPlat to implement 1-for-10 reverse stock split

* NextPlat (NXPL [https://seekingalpha.com/symbol/NXPL]) (NASDAQ: NXPL, NXPLW) on Thursday said that it will implement a 1-for-10 reverse stock split of its common stock, effective before market open on April 13.
* Following the split, every 10 shares will be consolidated into one share, reducing shares outstanding to about 2.7 million from roughly 26.9 million.
* The stock will continue trading on Nasdaq under the ticker “NXPL” with a new CUSIP number.
* No fractional shares will be issued, with shareholders receiving cash in lieu of fractions.
* NXPL +2.22% after hours to $0.459.
* Source: Press Release [https://seekingalpha.com/pr/20461840-nextplat-announces-1-forminus-10-reverse-stock-split-to-be-effective-prior-to-market-open-on]

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* Financial information for NextPlat [https://seekingalpha.com/symbol/NXPL/income-statement]