Progressive Care Inc (RXMD)

[stockforce]

"On April 13, 2023, the Company (NextPlat) completed a private placement of common stock, receiving gross proceeds of approximately $6.0 million (from Phillip Frost, the Chairman of Opko Health). On May 11, 2023, NextPlat utilized a portion of the proceeds of this private placement to further solidify its position as a controlling shareholder of Progressive Care. The Company intends to utilize additional proceeds from this offering combined with working capital from operations to support continued growth of its e-commerce platform, its further expansion into the rapidly growing healthcare sector through its strategic investment in Progressive Care, and potential acquisitions and joint ventures."

Looking forward to the new acquisions and joint ventures in the new year. Keep in mind, they have $30M on hand.
https://ir.nextplat.com/sec-filings/all-sec-filings/content/0001437749-23-023511/ex_560004.htm