Progressive Care Inc (RXMD)

[stockforce]

What is a Spin-Off?
A spin-off refers to the formation of an independent entity, in which shares of the subsidiary are distributed among the shareholders of the parent company. The existing shareholders receive shares in proportion to their original ownership percentage in the company, i.e. on a pro rata basis, and in the form of a non-cash special dividend. Therefore, the number of shares received by an existing shareholder is directly a function of the number of shares the shareholder held in the parent company.

https://www.wallstreetprep.com/knowledge/spin-off/

Currently, NextPlat's revenue is 100% from Global Telesat and Orbital Satcom. What can happen to NXPL stock price after spinoff? Will it go to zero? LOL, it's very obvious that NextPlat will acquire another major business (such as Progressive Care) so the stock price of NXPL will remain stable or even go higher because of much higher revenue from RXMD. At the same time, all those $8M investment from NextPlat (potentially up to $11M in order to reach 50% control) and $6M from Phillip Frost will all go into the expansion of the newly created healthcare biz centered around Progressive. The higher the stock price of RXMD, the better it will be for the new owners and for all of us after spinoff as NextPlat indicated in its most recent PR.
https://ir.nextplat.com/news-events/press-releases/detail/103/nextplat-strengthens-ties-to-progressive-care-inc