Web3MediaBreaks – NextPlat Corp. (NASDAQ: NXPL) Invests Additional $1M in Progressive Care Inc. (RXMD)
NextPlat (NASDAQ: NXPL, NXPLW), a global e-commerce provider, today announced that it has completed an additional $1 million investment in Progressive Care (OTCQB: RXMD), a personalized healthcare services and technology company. In connection with the $1 million investment, NextPlat purchased 455,000 newly issued units of Progressive Care, with each comprised of one share of Progressive Care’s common stock and one warrant to purchase a share of common stock at a per unit purchase price of $2.20. In addition, NextPlat executives Charles Fernandez and Rodney Barreto, as well as certain other Progressive Care convertible note holders, agreed to convert the approximately…