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AI brief of an SEC Form 8-K · NextPlat Corp (NXPL)

NextPlat agrees to buy Scott's Pharmacy in Florida for $1.5 million in cash

Neutral Impact 3 of 5 m&a Written later

NextPlat's indirect subsidiary Progressive Care, LLC agreed on July 14, 2026 to acquire 100% of Scott's Pharmacy, LLC, a community pharmacy in Molino, Florida, for $1.5 million in cash, subject to an inventory adjustment. The filing says the pharmacy generated about $5.6 million in sales in 2025, and the deal is expected to expand NextPlat's PharmcoRx retail and contracted-services footprint in the panhandle region, though closing is not yet complete.

Key points

  • Purchase price is $1,500,000 in cash, with a $50,000 initial escrow deposit credited at closing and $50,000 held in escrow for indemnification for 18 months after closing.
  • Closing is targeted by September 30, 2026, with a one-time extension to October 31, 2026, available upon notice and an additional $50,000 deposit.
  • The Company has a 30-day due diligence period and must negotiate a lease for the premises; failure to do so allows termination without penalty.
  • Per the press release, the pharmacy had approximately $5.6 million in 2025 sales and retail margins of about 19%, and NextPlat's 2025 annual revenue was $54.3 million.

The filing

CompanyNextPlat Corp (NXPL)
Form8-K, current report
Filed with the SECJul 15, 2026, 6:20 PM ET
Accession number0001437749-26-023651

Items reported: 1.01 Material Definitive Agreement8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:29 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 15, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.