Progressive Care Inc (RXMD)

[stockforce]

SPAC Consultants posted this NXPL/RXMD news when the $8.3M recapitalization deal was completed in August last year. However, the speculation of RXMD merging with a SPAC company was struck down by Charles Fernandez in November during the Q3 conference call due to his so called “unpreferred market condition”. But keep in mind, 100% of the articles on SPAC Consultants are all about SPAC.

https://spacconsultants.com/nextplat-invests-7-million-in-recapitalization-of-progressive-care-inc/

After almost a whole year since they completed this deal, where are we now? NextPlat is planning to spin off all their current telecommunications business and will literally become a public shell company. Once they reach the 50% control of Progressive, RXMD will most likely merge into the shell company NXPL. Isn’t this how a SPAC actually works? Since the beginning, Charles, Armen etc, have been planning on this. The NextPlat VP of Business, Ellenoff, has been called SPAC King by his peers.