Progressive Care Inc (RXMD)

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Progressive Care Files Form 10 to Become Fully SEC Reporting and Subsequently Uplist to NASDAQ

Miami, FL, Feb. 10, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire -- Progressive Care Inc. (OTCQB:RXMD) (the "Company"), a personalized healthcare services and technology provider, today announced that it filed a Form 10 with the U.S. Securities and Exchange Commission (the "SEC") to register its shares of common stock under Section 12(g) of the Securities Exchange Act of 1934 (the "Exchange Act").

The Form 10 will become effective on April 11, 2022, unless the Form 10 is withdrawn. Once effective, the Company will be fully reporting and required to file Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K, in addition to complying with all other obligations under the Exchange Act.

Alan Jay Weisberg, Chairman and Chief Executive Officer of the Company, commented, "Filing a Form 10 allows the Company to continue moving towards accomplishing its goals of becoming a fully reporting company under the Exchange Act rules. We believe this action taken by the Company will increase transparency and help drive shareholder value. We remain steadfast in our plans to becoming listed on Nasdaq."

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