M&A - NextPlat Corp

Form Type: 10-K

Filing Date: 2025-03-24

Corporate Action: Acquisition

Type: Update

Accession Number: 000143774925008787

Filing Summary: NextPlat Corp conducted a substantial acquisition strategy during fiscal year 2024, focusing on expanding its operational capacities and market presence. A crucial element of their growth was the acquisition of Outfitter, leading to the emergence of a book/tax basis difference in intangible assets, resulting in the recording of deferred tax liabilities. The company issued stock options and warrants associated with the Progressive Care Merger executed on October 1, 2024. Furthermore, the 10-K form reflects the financial impacts and commitments arising from these acquisitions, including details on depreciation expenses and amortization periods for newly recognized intangible assets. Overall, the document outlines structured financial data, performance metrics, and insights pertaining to NextPlat's growing operational segments, encompassing e-commerce and healthcare operations, as well as their strategic responses to market opportunities.