Progressive Care Inc., through its subsidiaries, is a Florida health services organization and provider of Third-Party Administration (TPA), data management, COVID-19 related diagnostics and Lucosky Brookman, New York, NY, acted as counsel to the Company in connection with the transaction, and ArentFox Schiff LLP, Washington, DC,įollowing the closing of the Unit Purchase and the Debt Conversion, the Progressive Care preferred and common stock owned by NextPlat represents approximately 38.4% of Progressive Care’s total (“Dawson”) served as an advisor for this transaction. Of outstanding principal and accrued and unpaid interest under the note to shares of Progressive Care’s Common Stock at a conversion price of $2.20 per share. Vice-Chairman of Progressive Care and Director of the Board of NextPlat, and certain other holders of convertible notes issued by Progressive Care, agreed to convert the approximately $2.9 million Fernandez, who serves as Chairman and CEO of both Progressive Care and Nextplat, Rodney Barreto, Purchase a share of common stock and a per Unit purchase price of $2.20. ![]() In connection with the $1 million investment, the Company sold to NextPlat 455,000 newly issued Units, with each Unit comprised of one share of the Company’s common stock and one Warrant to ![]() Successfully completed a transaction of $1 million investment from NextPlat Corp (NASDAQ: NXPL, NXPLW) (“NextPlat”), a global e-commerce provider. (OTCQB: RXMD) (“Progressive Care” or the “Company”), a personalized healthcare services and technology provider, today announced that it has MIAMI, FL, (GLOBE NEWSWIRE) - via NewMediaWire – Progressive Care Inc.
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