NextPlat Corporation, a global e-Commerce provider, announced it has received a notification from Nasdaq indicating non-compliance with the Nasdaq Listing Rule 5550(a)(2). The company's common shares have closed below the $1.00 per share minimum bid price for 30 consecutive business days. NextPlat has been granted a 180-calendar day period, until October 27, 2025, to meet the compliance requirement by ensuring the closing bid price is at or above $1.00 per share for at least 10 consecutive business days. The company is actively exploring options to address this deficiency while managing challenges related to healthcare operations and tariff issues between the U.S. and China.
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